LegalFix
Sign In

32-17-11-19. Rights of survivorship

IN Code § 32-17-11-19 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 19. (a) The provisions of section 18 of this chapter as to rights of survivorship are determined by the form of the account at the death of a party.

(b) The form of an account may be altered by written order given by a party to the financial institution to:

(1) change the form of the account; or

(2) stop or vary payment under the terms of the account.

(c) An order or request described in subsection (b) must be:

(1) signed by a party;

(2) received by the financial institution during the party's lifetime; and

(3) not countermanded by another written order of the same party during the party's lifetime.

[Pre-2002 Recodification Citation: 32-4-1.5-5.]

As added by P.L.2-2002, SEC.2.

Previous Section
32-17-11-18. Ownership of accounts at death of party, original payee, or trustee
Next Section
32-17-11-20. Certain transfers not testamentary