Arizona § 14-6221 Financial institutions; types of accounts

Arizona Statutes

§ 14-6221 — Financial institutions; types of accounts

Arizona·Title 14 Arizona Revised Statutes·Ch. 6 NONPROBATE TRANSFERS·Art. 2 Accounts

A.A financial institution may enter into a contract of deposit for a multiple party account to the same extent it may enter into a contract of deposit for a single party account and may provide for a pay on death designation and an agency designation in either a single party account or a multiple party account.

B.A financial institution need not inquire as to the source of a deposit to an account or as to the proposed application of a payment from an account.

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A. A financial institution may enter into a contract of deposit for a multiple party account to the same extent it may enter into a contract of deposit for a single party account and may provide for a pay on death designation and an agency designation in either a single party account or a multiple party account.

B. A financial institution need not inquire as to the source of a deposit to an account or as to the proposed application of a payment from an account.

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