15-6-111. FINANCIAL INSTITUTION PROTECTION — PAYMENT OF TRUST ACCOUNT. Any trust account may be paid, on request, to any trustee. Unless the financial institution has received written notice that the beneficiary has a vested interest not dependent upon his surviving the trustee, payment may be made to the personal representative or heirs of a deceased trustee if proof of death is presented to the financial institution showing that his decedent was the survivor of all other persons named on the account either as trustee or beneficiary. Payment may be made, on request, to the beneficiary upon presentation to the financial institution of proof of death showing that the beneficiary or beneficiaries survived all persons named as trustees.
History:
[I.C., sec. 15-6-111, 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.