South Carolina § 62-6-303 Payment of POD account.

South Carolina Statutes

§ 62-6-303 — Payment of POD account.

South Carolina § 62-6-303

Title 62SOUTH CAROLINA PROBATE CODE

Ch.ARTICLE 6 - NONPROBATE TRANSFERS

This text of South Carolina § 62-6-303 (Payment of POD account.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 62-6-303 (2026).

Text

A financial institution, on request, may pay sums on deposit in an account with a POD designation:

(1)to 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)to 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;

(3)to the personal representative 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; or (4) in accordance with a court order directing the payment of the sums on deposit.

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A financial institution, on request, may pay sums on deposit in an account with a POD designation: (1) to 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) to 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; (3) to the personal representative 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; or (4) in accordance with a court order directing the payment of the sums on deposit.