§ 5-24-14 — Accounts and Transfers Nontestamentary

Alabama § 5-24-14

• Jurisdiction: Alabama
• Title 5: Banks and Financial Institutions
• Ch. 24: Uniform Multiple-Person Accounts Act
• Art. 2: Ownership as Between Parties and Others

Text

Except as a consequence of, and to the extent directed by, Section 5-24-15, a transfer resulting from the application of Section 5-24-12 is effective by reason of the terms of the account involved and this chapter and is not testamentary or subject to estate administration.

Legislative History

(Acts 1997, No. 97-644, p. 1177, §1.)