15-6-108. FINANCIAL INSTITUTION PROTECTION — PAYMENT ON SIGNATURE OF ONE PARTY. Financial institutions may enter into multiple-party accounts to the same extent that they may enter into single-party accounts. Any multiple-party account may be paid, on request, to any one (1) or more of the parties. A financial institution shall not be required to inquire as to the source of funds received for deposit to a multiple-party account, or to inquire as to the proposed application of any sum withdrawn from an account, for purposes of establishing net contributions.
History:
[I.C., sec. 15-6-108, as added by 1971, ch. 111, sec. 1, p. 233.]
Structure Idaho Code
Title 15 - UNIFORM PROBATE CODE
Chapter 6 - NONPROBATE TRANSFERS
Part 1 - MULTIPLE-PARTY ACCOUNTS
Section 15-6-101 - DEFINITIONS.
Section 15-6-102 - OWNERSHIP AS BETWEEN PARTIES, AND OTHERS — PROTECTION OF FINANCIAL INSTITUTIONS.
Section 15-6-103 - OWNERSHIP DURING LIFETIME.
Section 15-6-104 - RIGHT OF SURVIVORSHIP.
Section 15-6-105 - EFFECT OF WRITTEN NOTICE TO FINANCIAL INSTITUTION.
Section 15-6-106 - ACCOUNTS AND TRANSFERS NONTESTAMENTARY.
Section 15-6-107 - LIABILITY OF NONPROBATE TRANSFEREES FOR CREDITOR CLAIMS AND STATUTORY ALLOWANCES.
Section 15-6-108 - FINANCIAL INSTITUTION PROTECTION — PAYMENT ON SIGNATURE OF ONE PARTY.
Section 15-6-110 - FINANCIAL INSTITUTION PROTECTION — PAYMENT OF P.O.D. ACCOUNT.
Section 15-6-111 - FINANCIAL INSTITUTION PROTECTION — PAYMENT OF TRUST ACCOUNT.
Section 15-6-112 - FINANCIAL INSTITUTION PROTECTION — DISCHARGE.
Section 15-6-113 - FINANCIAL INSTITUTION PROTECTION — SETOFF.