Indiana § 32-17-11-23 Payments; joint accounts

Indiana Statutes

§ 32-17-11-23 — Payments; joint accounts

Indiana·Title 32 PROPERTY·Art. 17 INTERESTS IN PROPERTY·Ch. 11 Multiple Party Accounts

(a)Except as provided in subsection (b), any sums in a joint account may be paid, on request, to any party without regard to whether any other party is incapacitated or deceased at the time the payment is demanded.

(b)Payment may not be made to the personal representative or heirs of a deceased party unless:

(1)proofs of death are presented to the financial institution showing that the decedent was the last surviving party; or

(2)there is no right of survivorship under section 18 of this chapter. [Pre-2002 Recodification Citation: 32-4-1.5-9.]

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(a) Except as provided in subsection (b),
any sums in a joint account may be paid, on request, to any party
without regard to whether any other party is incapacitated or deceased
at the time the payment is demanded.
(b) Payment may not be made to the personal representative or heirs
of a deceased party unless:
(1) proofs of death are presented to the financial institution
showing that the decedent was the last surviving party; or
(2) there is no right of survivorship under section 18 of this
chapter.
[Pre-2002 Recodification Citation: 32-4-1.5-9.]

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