State Codes and Statutes

Statutes > Georgia > Title-7 > Chapter-1 > Article-8 > 7-1-814

O.C.G.A. 7-1-814 (2010)
7-1-814. Changing terms of account

The provisions of Code Section 7-1-813 as to rights of survivorship are determined by the form of the account at the death of a party. Once established, the terms of a multiple-party account can be changed only:

(1) By closing the account and reopening it under different terms; or

(2) By presentation to the financial institution of a modification agreement in a form satisfactory to the financial institution and signed by all parties with a present right of withdrawal.

State Codes and Statutes

Statutes > Georgia > Title-7 > Chapter-1 > Article-8 > 7-1-814

O.C.G.A. 7-1-814 (2010)
7-1-814. Changing terms of account

The provisions of Code Section 7-1-813 as to rights of survivorship are determined by the form of the account at the death of a party. Once established, the terms of a multiple-party account can be changed only:

(1) By closing the account and reopening it under different terms; or

(2) By presentation to the financial institution of a modification agreement in a form satisfactory to the financial institution and signed by all parties with a present right of withdrawal.