Section 524.6-208 — Financial Institution Protection; Payment On Signature Of One Party.

MN Stat § 524.6-208 (2019) (N/A)
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Financial institutions may enter into multiple-party accounts to the same extent that they may enter into single-party accounts. Any multiple-party account may be paid, on request, to any one or more of the parties. A financial institution shall not be required to inquire as to the source of funds received for deposit to a multiple-party account, or to inquire as to the proposed application of any sum withdrawn from an account.

A minor may be a party to a joint account.

History: 1973 c 619 s 9; 1985 c 292 s 17; 1994 c 472 s 63