524.6-209 FINANCIAL INSTITUTION PROTECTION; PAYMENT AFTER DEATH OR
DISABILITY; JOINT ACCOUNT.
Any sums in a joint account may be paid, on request, to any party without regard to whether
any other party is incapacitated or deceased at the time the payment is demanded; but payment
may not be made to the personal representative or heirs of a deceased party unless proofs of death
are presented to the financial institution showing that the decedent was the last surviving party or
unless there is no right of survivorship under section
, or unless a will provides other
distribution; in which case the procedure set forth in section
, clause (d), shall be
followed. A minor may be a party to a joint account.
History: 1973 c 619 s 10; 1985 c 292 s 18; 1994 c 472 s 63