14-6203. Types of accounts; 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
the requirements of section 14-6212, subsection C, either a single party account or a
multiple party account may have a pay on death designation or an agency designation, or
both.


B. An account established before or after December 31, 1994, whether in the form
prescribed in section 14-6204 or in any other form, is either a single party account or a
multiple party account, with or without the right of survivorship, and with or without a
pay on death designation or designating an agent, within the meaning of this section and
is governed by this section.