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2022 Georgia Code
Title 7 - Banking and Finance
Chapter 1 - Financial Institutions
Article 8 - Multiple-Party Accounts
§ 7-1-814. Changing Terms of Account
Universal Citation: GA Code § 7-1-814 (2022)
The provisions of Code Section 7-1-813 as to rights of survivorship are determined by the form of the account at the death of a party. Once established, the terms of a multiple-party account can be changed only:
- By closing the account and reopening it under different terms; or
- By presentation to the financial institution of a modification agreement in a form satisfactory to the financial institution and signed by all parties with a present right of withdrawal.
History. Code 1933, § 41A-3805, enacted by Ga. L. 1976, p. 1388, § 8.
Law reviews.
For article surveying Georgia cases in the area of wills, trusts, and administration of estates from June 1977 through May 1978, see 30 Mercer L. Rev. 259 (1978).
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