Payments; joint accounts
Sec. 23. (a) Except as provided in subsection (b), any sums in a
joint account may be paid, on request, to any party without regard to
whether any other party is incapacitated or deceased at the time the
payment is demanded.
(b) Payment may not be made to the personal representative or
heirs of a deceased party unless:
(1) proofs of death are presented to the financial institution
showing that the decedent was the last surviving party; or
(2) there is no right of survivorship under section 18 of this
chapter.
As added by P.L.2-2002, SEC.2.
Last modified: May 24, 2006