North Dakota § 30.1-31-14 (6-221) Authority of financial institution

North Dakota Statutes

§ 30.1-31-14 — (6-221) Authority of financial institution

North Dakota·Title 30.1 Uniform Probate Code·Ch. 30.1-31 Nonprobate Transfers on Death

A financial institution may enter into a contract of deposit for a multiple-party account to the
same extent it may enter into a contract of deposit for a single-party account, and may provide
for a P.O.D. designation and an agency designation in either a single-party account or a
multiple-party account. A financial institution need not inquire as to the source of a deposit to an
account or as to the proposed application of a payment from an account.

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A financial institution may enter into a contract of deposit for a multiple-party account to the
same extent it may enter into a contract of deposit for a single-party account, and may provide
for a P.O.D. designation and an agency designation in either a single-party account or a
multiple-party account. A financial institution need not inquire as to the source of a deposit to an
account or as to the proposed application of a payment from an account.

North Dakota § 30.1-31-14 ((6-221) Authority of financial institution) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.