North Dakota § 30.1-31-16 (6-223) Payment on P.O.D designation

North Dakota Statutes

§ 30.1-31-16 — (6-223) Payment on P.O.D designation

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

A financial institution, on request, may pay sums on deposit in an account with a P.O.D. 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 either as a party or beneficiary.

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A financial institution, on request, may pay sums on deposit in an account with a P.O.D.
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 either
as a party or beneficiary.

North Dakota § 30.1-31-16 ((6-223) Payment on P.O.D designation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.