District of Columbia Statutes
§ 26-506.07 — Payable on death accounts.
District of Columbia § 26-506.07
JurisdictionDistrict of Columbia
Title 26Banks and Other Financial Institutions.
Ch. 5Credit Unions.
Subch. ICredit Union Act of 2020.
Part FMember Accounts.
This text of District of Columbia § 26-506.07 (Payable on death accounts.) 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 § 26-506.07 (2026).
Text
Notwithstanding any other provision of law, a District credit union may establish share and deposit accounts payable to one or more persons during their lifetimes, and upon the death of every included account holder to one or more payable on death payees. A transfer to a payable on death payee is effective by reason of the account contract and shall not be considered a testamentary transfer.
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Nearby Sections
15
§ 26-1001
Definitions.§ 26-1002
License required.§ 26-1003
Exemptions.§ 26-1004
License qualifications.§ 26-1006
License application.§ 26-1007
Bond or other security device.§ 26-1008
Application fee.§ 26-1009
Issuance of license.§ 26-1011
Special reporting requirements.§ 26-1012
Changes in control of a licensee.§ 26-1013
Examinations.§ 26-1014
Maintenance of records.Cite This Page — Counsel Stack
Bluebook (online)
District of Columbia § 26-506.07, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/26-506.07.