District of Columbia § 19-602.23 Payment on POD designation.

District of Columbia Statutes

§ 19-602.23 — Payment on POD designation.

District of Columbia § 19-602.23

JurisdictionDistrict of Columbia

Title 19Descent, Distribution, and Trusts. [Enacted title]

Ch. 6Nonprobate Transfers on Death; Uniform Law.

Subch. IIMultiple-Person Accounts.

Part CProtection Of Financial Institutions.

This text of District of Columbia § 19-602.23 (Payment on POD designation.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 19-602.23 (2026).

Text

A financial institution, on request, may pay sums on deposit in an account with a POD designation to:

(1)One or more of the parties, whether or not another party has a disability, is incapacitated, or deceased when the payment is requested and whether or not a party survives another party;

(2)The beneficiary or beneficiaries, if proof of death is presented to the financial institution showing that the beneficiary or beneficiaries survived all persons named as parties; or

(3)The personal representative, if any, or, if there is none, the heirs or devisees of a deceased party, if proof of death is presented 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.

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A financial institution, on request, may pay sums on deposit in an account with a POD designation to:

(1) One or more of the parties, whether or not another party has a disability, is incapacitated, or deceased when the payment is requested and whether or not a party survives another party;

(2) The beneficiary or beneficiaries, if proof of death is presented to the financial institution showing that the beneficiary or beneficiaries survived all persons named as parties; or

(3) The personal representative, if any, or, if there is none, the heirs or devisees of a deceased party, if proof of death is presented 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.