Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
524.6-208 FINANCIAL INSTITUTION PROTECTION; PAYMENT ON SIGNATURE OF
ONE PARTY.
Financial institutions may enter into multiple-party accounts to the same extent that they
may enter into single-party accounts. Any multiple-party account may be paid, on request, to
any one or more of the parties. A financial institution shall not be required to inquire as to the
source of funds received for deposit to a multiple-party account, or to inquire as to the proposed
application of any sum withdrawn from an account.
A minor may be a party to a joint account.
History: 1973 c 619 s 9; 1985 c 292 s 17; 1994 c 472 s 63
ONE PARTY.
Financial institutions may enter into multiple-party accounts to the same extent that they
may enter into single-party accounts. Any multiple-party account may be paid, on request, to
any one or more of the parties. A financial institution shall not be required to inquire as to the
source of funds received for deposit to a multiple-party account, or to inquire as to the proposed
application of any sum withdrawn from an account.
A minor may be a party to a joint account.
History: 1973 c 619 s 9; 1985 c 292 s 17; 1994 c 472 s 63
Official Publication of the State of Minnesota
Revisor of Statutes