Sec. 23. (a) Except as provided in subsection (b), any sums in a joint account may be paid, on request, to any party without regard to whether any other party is incapacitated or deceased at the time the payment is demanded.
(b) Payment may not be made to the personal representative or heirs of a deceased party unless:
(1) proofs of death are presented to the financial institution showing that the decedent was the last surviving party; or
(2) there is no right of survivorship under section 18 of this chapter.
[Pre-2002 Recodification Citation: 32-4-1.5-9.]
As added by P.L.2-2002, SEC.2.
Structure Indiana Code
Article 17. Interests in Property
Chapter 11. Multiple Party Accounts
32-17-11-2. "Beneficiary" Defined
32-17-11-3. "Financial Institution" Defined
32-17-11-4. "Joint Account" Defined
32-17-11-5. "Multiple Party Account" Defined
32-17-11-6. "Net Contribution" Defined
32-17-11-9. "Proof of Death" Defined
32-17-11-12. "Request" Defined
32-17-11-13. "Sums on Deposit" Defined
32-17-11-14. "Trust Account" Defined
32-17-11-15. "Withdrawal" Defined
32-17-11-16. Application of Certain Sections
32-17-11-17. Ownership of Accounts
32-17-11-18. Ownership of Accounts at Death of Party, Original Payee, or Trustee
32-17-11-19. Rights of Survivorship
32-17-11-20. Certain Transfers Not Testamentary
32-17-11-21.1. Liability for Creditor Claims and Statutory Allowances; Applicable Law
32-17-11-22. Payments; Multiple Party Accounts
32-17-11-23. Payments; Joint Accounts
32-17-11-25. Payments; Trust Accounts
32-17-11-26. Payments; Discharge of Financial Institutions From All Claims
32-17-11-27. Right of Financial Institutions to Set Off Against Accounts
32-17-11-28. Provisions in Certain Agreements Nontestamentary; Creditors' Rights
32-17-11-29. Personal Property Owned as Tenants in Common; Exceptions