9-1205


Chapter 9.--BANKS AND BANKING; TRUST COMPANIES


Article 12.--BANKING CODE; TRANSACTIONS

     
9-1205.   Joint accounts.
Deposits may be made in the names of two or more persons, including
minors, payable to either or any of them, or payable to either or any of
the survivors or the sole survivors, and such deposits or any part thereof
or any interest thereon, may be paid to or on order of any of said persons
whether the other or others be living or not; and the receipt, order, or
acquittance of the person so paid shall be valid and sufficient release and
discharge to the bank for any payment so made.

     
History:   L. 1947, ch. 102, § 54; June 30.