Montana § 72-6-223 Payment On Pod Designation

Montana Statutes

§ 72-6-223 — Payment On Pod Designation

Montana § 72-6-223

Title 72ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS

Ch. 6NONPROBATE TRANSFERS ON DEATH

Part 2Multiple-Party Accounts

This text of Montana § 72-6-223 (Payment On Pod Designation) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 72-6-223 (2026).

Text

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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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.