§560:6-112  Financial institution
protection; discharge.  Payment made pursuant to section 560:6-108,
560:6-109, 560:6-110, or 560:6-111 discharges the financial institution from
all claims for amounts so paid whether or not the payment is consistent with
the beneficial ownership of the account as between parties, payable-on-death
payees, or beneficiaries, or their successors.  The protection here given does
not extend to payments made after a financial institution has received written
notice from any party or has actual knowledge that withdrawals in accordance
with the terms of the account should not be permitted.  Unless the notice is
withdrawn by the person giving it, the successor of any deceased party must
concur in any demand for withdrawal if the financial institution is to be
protected under this section.  No other notice or any other information shown
to have been available to a financial institution shall affect its right to the
protection provided here.  The protection here provided shall have no bearing
on the rights of parties in disputes between themselves or their successors
concerning the beneficial ownership of funds in, or withdrawn from,
multiple-party accounts. [L 1976, c 200, pt of §1]