(a) By writing signed by all parties, the parties may designate as agent of all parties on an account a person other than a party.
(b) Unless the terms of an agency designation provide that the authority of the agent terminates on disability or incapacity of a party, the agent's authority survives disability and incapacity. The agent may act for a disabled or incapacitated party until the authority of the agent is terminated.
(c) Death of the sole party or last surviving party terminates the authority of an agent.
Structure Alaska Statutes
Title 13. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions
Chapter 33. Nonprobate Transfers
Article 2. Single and Multiple Party Accounts.
Sec. 13.33.202. Limitation on scope.
Sec. 13.33.203. Types of account; existing accounts.
Sec. 13.33.205. Designation of agent and termination of authority.
Sec. 13.33.206. Applicability.
Sec. 13.33.211. Ownership during lifetime.
Sec. 13.33.212. Rights at death.
Sec. 13.33.213. Alteration of rights.
Sec. 13.33.214. Accounts and transfers nontestamentary.
Sec. 13.33.215. Rights of creditors and others.
Sec. 13.33.216. Community property and tenancy by the entirety.
Sec. 13.33.221. Authority of financial institution.
Sec. 13.33.222. Payment on multiple-party account.
Sec. 13.33.223. Payment on POD designation.
Sec. 13.33.224. Payment to designated agent.