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2019 Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 24 - Uniform Multiple-Person Accounts Act.
Article 3 - Protection of Financial Institutions.
Section 5-24-24 - Payment to designated agent.
Universal Citation: AL Code § 5-24-24 (2019)
Section 5-24-24Payment to designated agent.
A financial institution, on request of an agent under an agency designation for an account, may pay to the agent sums on deposit in the account, whether or not a party is disabled, incompetent, incapacitated, or deceased when the request is made or received, and whether or not the authority of the agent terminates on the death, disability, incompetency, or incapacity of a party.
(Acts 1997, No. 97-644, p. 1177, §1.)
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