Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 24 - Uniform Multiple-Person Accounts Act.

Article 1 - Definitions and General Provisions.

Section 5-24-1 - Definitions. - In this chapter: (1) ACCOUNT means a contract of deposit...

Section 5-24-2 - Scope of Chapter. - This chapter does not apply to (1) an account established...

Section 5-24-3 - Types of Account; Existing Accounts. - (a) An account may be for a single party or...

Section 5-24-4 - Forms. - (a) A contract of deposit may contain provisions in substantially...

Section 5-24-5 - Designation of Agent. - (a) By a signed writing, a party may designate one...

Section 5-24-6 - Applicability of Chapter. - The provisions of Article 2 concerning beneficial ownership as between...

Article 2 - Ownership as Between Parties and Others.

Section 5-24-11 - Ownership During Lifetime. - (a) In this section, "net contribution" of a party means...

Section 5-24-12 - Rights at Death. - (a) Except as otherwise provided in this chapter, on death...

Section 5-24-13 - Alteration of Rights. - (a) Rights at death under Section 5-24-12 are determined by...

Section 5-24-14 - Accounts and Transfers Nontestamentary. - Except as a consequence of, and to the extent directed...

Section 5-24-15 - Rights of Creditors and Others. - (a) If other assets of the estate are insufficient, a...

Article 3 - Protection of Financial Institutions.

Section 5-24-21 - Authority of Financial Institution. - A financial institution may enter into a contract of deposit...

Section 5-24-22 - Payment on Multiple-Party Account. - A financial institution, on request, may pay sums on deposit...

Section 5-24-23 - Payment on Pod Designation. - A financial institution, on request, may pay sums on deposit...

Section 5-24-24 - Payment to Designated Agent. - A financial institution, on request of an agent under an...

Section 5-24-25 - Payment to Minor. - If a financial institution is required or permitted to make...

Section 5-24-26 - Discharge. - (a) Payment made pursuant to this chapter in accordance with...

Section 5-24-27 - Set-Off. - Without qualifying any other statutory right to set-off or lien...

Article 4 - Short Title, Construction, Transitional Provisions.

Section 5-24-31 - Short Title. - This chapter may be cited as the Uniform Multiple-Person Accounts...

Section 5-24-32 - Uniformity of Application and Construction. - This chapter shall be applied and construed to effectuate its...

Section 5-24-33 - Supplementary General Principles of Law Applicable. - Unless displaced by the particular provisions of this chapter, the...

Section 5-24-34 - Transitional Provisions. - On March 1, 1998: (1) An act done before March...