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2012 Maine Revised Statutes
TITLE 18-A: PROBATE CODE
Article 6: NONPROBATE TRANSFERS
18-A §6-108. Financial institution protection; payment on signature of one party

Universal Citation:
18-A ME Rev Stat § 6-108 (2012 through 125th Legis)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

Part 1: MULTIPLE-PARTY ACCOUNTS

§6-108. 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of funds received for deposit to a multiple-party account, or to inquire as to the proposed application of any sum withdrawn from an account, for purposes of establishing net contributions. [1979, c. 540, §1 (NEW).]

SECTION HISTORY

1979, c. 540, §1 (NEW).

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