§560:6-110 - Financial institution protection; payment of payable-on-death account.
§560:6-110 Financial institution
protection; payment of payable-on-death account. Any payable-on-death
account may be paid, on request, to any original party to the account. Payment
may be made, on request, to the payable-on-death payee or to the personal
representative or heirs of a deceased payable-on-death payee upon presentation
to the financial institution of proof of death showing that the
payable-on-death payee survived all persons named as original payees. Payment
may be made to the personal representative or heirs of a deceased original
payee if proof of death is presented to the financial institution showing that
his decedent was the survivor of all other persons named on the account either
as an original payee or as payable-on-death payee. [L 1976, c 200, pt of §1]