(a) Rights at death under Section 5-24-12 are determined by the type of account at the death of a party. The type of account may be altered by written notice given by a party to the financial institution to change the type of account or to stop or vary payment under the terms of the account. The notice must be signed by a party and received by the financial institution during the party's lifetime.
(b) A right of survivorship arising from the express terms of the account, Section 5-24-12, or a POD designation, may not be altered by will.
Structure Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 24 - Uniform Multiple-Person Accounts Act.
Article 2 - Ownership as Between Parties and Others.
Section 5-24-11 - Ownership During Lifetime.
Section 5-24-12 - Rights at Death.
Section 5-24-13 - Alteration of Rights.