A financial institution may enter into a contract of deposit for a multiple-party account to the same extent it may enter into a contract of deposit for a single-party account and may provide for a POD designation and an agency designation in either a single-party account or a multiple-party account. A financial institution need not inquire as to the source of a deposit to an account or as to the proposed application of a payment from an account.
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.