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Chapter 51A
Section 51A.27
Topics
Recent History
- 1996 51A.27 Repealed 1996 c 414 art 1 s 44
This is an historical version of this statute chapter. Also view the most recent published version.
51A.27 PLEDGE TO ASSOCIATION OF SAVINGS ACCOUNTS IN JOINT TENANCY.
The pledge or hypothecation to any association or federal association of all or part of a savings account in joint tenancy signed by any tenant or tenants whether minor or adult, upon whose signature or signatures withdrawals may be made from the account shall, unless the terms of the savings account provide specifically to the contrary, be a valid pledge and transfer to the association of that part of the account pledged or hypothecated, and shall not operate to sever or terminate the joint and survivorship ownership of all or any part of the account.
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Revisor of Statutes