Without qualifying any other statutory right to setoff or lien and subject to any contractual provision, if a party is indebted to a financial institution, the financial institution has a right to setoff against the account. The amount of the account subject to setoff is the proportion to which the party is, or immediately before death was, beneficially entitled under AS 13.33.211 or, in the absence of proof of that proportion, an equal share with all parties.
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.