Arizona § 14-6222 Multiple party accounts; payment; proof of death and survivorship

Arizona Statutes

§ 14-6222 — Multiple party accounts; payment; proof of death and survivorship

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

A financial institution, on request, may pay sums on deposit on a multiple party account to:

1.One or more of the parties, whether or not another party is a party with disabilities, incapacitated or deceased when payment is requested and whether or not the party making the request survives another party.

2.The personal representative, or, if there is none, the heirs or devisees of a deceased party who present an affidavit in compliance with section 14-3971, subsection B and proof of death to the financial institution showing that the deceased party was the survivor of all other persons named on the account either as a party or beneficiary, unless the account is without right of survivorship under section 14-6212.

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A financial institution, on request, may pay sums on deposit on a multiple party account to:

1. One or more of the parties, whether or not another party is a party with disabilities, incapacitated or deceased when payment is requested and whether or not the party making the request survives another party.

2. The personal representative, or, if there is none, the heirs or devisees of a deceased party who present an affidavit in compliance with section 14-3971, subsection B and proof of death to the financial institution showing that the deceased party was the survivor of all other persons named on the account either as a party or beneficiary, unless the account is without right of survivorship under section 14-6212.

Arizona § 14-6222 (Multiple party accounts; payment; proof of death and survivorship) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.