Arizona § 6-432 Effect of payment to minor or fiduciary

Arizona Statutes

§ 6-432 — Effect of payment to minor or fiduciary

Arizona § 6-432

Title 6Arizona Revised Statutes

Ch. 3SAVINGS AND LOAN ASSOCIATIONS

Art. 4Capital

This text of Arizona § 6-432 (Effect of payment to minor or fiduciary) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 6-432 (2026).

Text

A.Unless the written agreement provides otherwise, or unless the association has had written notice of the terms under which a fiduciary holds an account, the association may pay the value thereof and dividends thereon:

1.To any minor who is the holder of such account.

2.To such fiduciary who is the holder of such account without becoming liable to any beneficiary for such payment.

B.In each of the foregoing instances the receipt or acquittance of the person or persons to whom payment is made in accordance with the provisions of this section shall be a complete discharge of the association's obligation as to the amount so paid.

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A. Unless the written agreement provides otherwise, or unless the association has had written notice of the terms under which a fiduciary holds an account, the association may pay the value thereof and dividends thereon:

1. To any minor who is the holder of such account.

2. To such fiduciary who is the holder of such account without becoming liable to any beneficiary for such payment.

B. In each of the foregoing instances the receipt or acquittance of the person or persons to whom payment is made in accordance with the provisions of this section shall be a complete discharge of the association's obligation as to the amount so paid.