524.6-210 FINANCIAL INSTITUTION PROTECTION; PAYMENT OF P.O.D.
Any P.O.D. account may be paid, on request, to any original party to the account. Payment of
the interest of a P.O.D. payee may be made, on request, to the P.O.D. payee or to the personal
representative or heirs of a deceased P.O.D. payee upon presentation to the financial institution
of proof of death showing that the P.O.D. payee survived all persons named as original parties.
Payment may be made to the personal representative or heirs of a deceased original party if proof
of death is presented to the financial institution showing that the original party was the survivor of
all other persons named on the account either as an original party or as P.O.D. payee.
History: 1973 c 619 s 11; 1985 c 292 s 19; 1994 c 472 s 63