Ohio § 2131.11 Release and discharge of payable on death account

Ohio Statutes

§ 2131.11 — Release and discharge of payable on death account

Ohio § 2131.11

Title 21Courts-Probate-Juvenile

Ch. 2131Miscellaneous

This text of Ohio § 2131.11 (Release and discharge of payable on death account) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 2131.11 (2026).

Text

If an investment share certificate, share  account, deposit, or stock deposit is made in any bank, building  and loan or savings and loan association, credit union, or society  for savings, payable to the owner during the owner's lifetime, and  to another on the owner's death, the investment share certificate,  share account, deposit, or stock deposit, any part of that  certificate, account, or deposit, or any interest or dividend on  the certificate, account, or deposit, may be paid to the owner  during the owner's lifetime, and on the owner's death the  investment share certificate, share account, deposit, or stock  deposit, any part of that certificate, account, or deposit, or any  interest or dividend on the certificate, account, or deposit, may  be paid to the designated beneficiary, 

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If an investment share certificate, share account, deposit, or stock deposit is made in any bank, building and loan or savings and loan association, credit union, or society for savings, payable to the owner during the owner's lifetime, and to another on the owner's death, the investment share certificate, share account, deposit, or stock deposit, any part of that certificate, account, or deposit, or any interest or dividend on the certificate, account, or deposit, may be paid to the owner during the owner's lifetime, and on the owner's death the investment share certificate, share account, deposit, or stock deposit, any part of that certificate, account, or deposit, or any interest or dividend on the certificate, account, or deposit, may be paid to the designated beneficiary, and the receipt of acquittance of the person paid is a sufficient release and discharge of the bank, building and loan or savings and loan association, credit union, or society for savings for any payment so made.