Code of Alabama |
Match Context and Document information |
URL: | http://alisondb.legislature.state.al.us/alison/CodeOfAlabama /1975/5-24-3.htm |
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Depth: | 0 singles |
Size: | 1,091 bytes |
Modified: | 1998-10-08 12:28:44 |
Categories: | -None- |
Title: | 5-24-3 |
Description: | -None- |
Keywords: | -None- |
Meta data: | -None- |
Body: | Section 5-24-3 Types of account; existing accounts. (a) An account may be for a single party or multiple parties. A multiple-party account may be with or without a right of survivorship between the parties. Subject to subsection (c) of Section 5-24-12, either a single-party account or a multiple-party account may have a POD designation, an agency designation, or both. (b) An account established before, on, or after March 1, 1998, whether in the form prescribed in Section 5-24-4 or in any other form, is either a single-party account or a multiple-party account, with or without right of survivorship, and with or without a POD designation or an agency designation, within the meaning of this chapter, and is governed by this chapter. (Acts 1997, No. 97-644, p. 1177, ยง1.) |