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2017 District of Columbia Code
Title 19 - Descent, Distribution, and Trusts. [Enacted title]
Chapter 6 - Nonprobate Transfers on Death; Uniform Law.
Subchapter II - Multiple-Person Accounts.
Part C - Protection Of Financial Institutions.
§ 19–602.21. Authority of financial institution.
Universal Citation: DC Code § 19–602.21 (2017)
A financial institution may enter into a contract of deposit for a multiple-party account to the same extent it may enter into a contract of deposit for a single-party account, and may provide for a POD designation and an agency designation in either a single-party account or a multiple-party account. A financial institution need not inquire as to the source of a deposit to an account or as to the proposed application of a payment from an account.
(Apr. 27, 2001, D.C. Law 13-292, § 302(b), 48 DCR 2087.)
Section ReferencesThis section is referenced in § 26-801.
Editor's NotesUniform Law: This section is based upon § 221 of the Uniform Nonprobate Transfers on Death Act (1991 Act).
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