2012 South Carolina Code of Laws
Title 62 - South Carolina Probate Code
Section 62-6-110 - Financial institution protection; payment of P.O.D. account.

SC Code § 62-6-110 (2012) What's This?

Unless a contrary intent is manifested by the terms of the account or the deposit agreement, any P.O.D. account may be paid, on request, to any original party to the account. Payment may be made, on request, to the P.O.D. payee or to the personal representative or heirs of a deceased P.O.D. payee upon presentation to the financial institution of proof of death showing that the P.O.D. payee survived all persons named as original payees. Payment may be made to the personal representative or heirs of a deceased original payee if proof of death is presented to the financial institution showing that his decedent was the survivor of all other persons named on the account either as an original payee or as P.O.D. payee.

HISTORY: 1986 Act No. 539, Section 1; 1987 Act No. 171, Section 74.

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