Montana Statutes
§ 72-6-223 — Payment On Pod Designation
Montana·Title 72 ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS·Ch. 6 NONPROBATE TRANSFERS ON DEATH·Part 2 Multiple-Party Accounts
72-6-223 . Payment on POD designation. 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 is disabled, 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 as either a party or beneficiary
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Montana § 72-6-223 (Payment On Pod Designation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 98, Ch. 494, L. 1993.
Nearby Sections
15
§ 72-6-101
Renumbered 72-9-101§ 72-6-102
Renumbered 72-9-102§ 72-6-103
Renumbered 72-9-103§ 72-6-104
Through 72-6-106 Reserved§ 72-6-107
Renumbered 72-9-107§ 72-6-108
Renumbered 72-9-108§ 72-6-109
Renumbered 72-9-109§ 72-6-110
Renumbered 72-9-110§ 72-6-111
Nonprobate Transfers On Death§ 72-6-113
Reserved§ 72-6-114
Renumbered 72-9-114§ 72-6-115
Renumbered 72-9-115§ 72-6-116
Renumbered 72-9-116§ 72-6-117
Through 72-6-119 Reserved