Alabama § 5-5A-39 Disposition of Small Deposits of Deceased Person - Time for Payment; When Payment Prohibited

Alabama Statutes

§ 5-5A-39 — Disposition of Small Deposits of Deceased Person - Time for Payment; When Payment Prohibited

Alabama·Title 5 Banks and Financial Institutions·Ch. 5A Organization and Operation of Banks

No payment shall be made pursuant to Section 5-5A-38 by the bank before the lapse of 60 days from the date of the death of the deceased, and no payment shall be made by the bank under this section if letters testamentary or of administration have been issued to a personal representative or a proceeding is pending in the court in this state which would have jurisdiction of the administration of the estate. The bank shall be fully protected by requiring an affidavit by some reputable citizen as to the facts specified.

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No payment shall be made pursuant to Section 5-5A-38 by the bank before the lapse of 60 days from the date of the death of the deceased, and no payment shall be made by the bank under this section if letters testamentary or of administration have been issued to a personal representative or a proceeding is pending in the court in this state which would have jurisdiction of the administration of the estate. The bank shall be fully protected by requiring an affidavit by some reputable citizen as to the facts specified.

Alabama § 5-5A-39 (Disposition of Small Deposits of Deceased Person - Time for Payment; When Payment Prohibited) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.