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2016 Regular Session



Financial Institutions - Single-Party and Multiple-Party Accounts - Right to Funds on Death of a Party

Sponsored by:



In the Senate - Unfavorable Report by Finance; Withdrawn

Synopsis:Requiring that funds in a specified account be transferred on the death of a party to the account to the deceased party's estate; requiring that agreement for specified accounts opened on or after October 1, 2016, contain specified provisions; requiring a depository institution, for specified accounts, to give the account party or parties a specified form; requiring that specified materials be given to a party or parties before a depository institution establishes a specified type of account or modifies a specified account; etc.
Analysis:Fiscal and Policy Note
All Sponsors:The President (By Request - Office of the Attorney General)
Additional Facts:Cross-filed with: HB1314
Bill File Type: Regular
Effective Date(s): October 1, 2016
Broad Subject(s):Financial Institutions
Narrow Subject(s):Banks and Trust Companies
Death -see also- Advance Medical Directives; Wrongful Death
Estates and Trusts
Financial Institutions -see also- Banks; Credit Unions; etc.
Foreign Ownership
Interstate Affairs
Postal Service
Statutes:Article - Financial Institutions

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October 24, 2017 5:10 P.M.