2010 Georgia Code 7-1-816 Case Law
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Graham W. Syfert, Esq.

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One Click Case Law for § 7-1-816
O.C.G.A. § 7-1-815 <-- --> O.C.G.A. §7-1-817



2010 Georgia Code

TITLE 7 - BANKING AND FINANCE

CHAPTER 1 - FINANCIAL INSTITUTIONS
ARTICLE 8 - MULTIPLE-PARTY ACCOUNTS
§ 7-1-816 - Financial institution protection -- Multiple-party accounts authorized; payment on signature of one party; inquiry as to deposits or withdrawals not required

O.C.G.A. 7-1-816 (2010)
7-1-816. Financial institution protection -- Multiple-party accounts authorized; payment on signature of one party; inquiry as to deposits or withdrawals not required


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. For purposes of establishing net contributions, 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of funds received for deposit to a multiple-party account or to inquire as to the proposed application of any sum withdrawn from an account.

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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com