Effective: January 13, 2012
Latest Legislation: Senate Bill 124 - 129th General Assembly
If an investment share certificate, share account, deposit, or stock deposit is made in any bank, building and loan or savings and loan association, credit union, or society for savings, payable to the owner during the owner's lifetime, and to another on the owner's death, the investment share certificate, share account, deposit, or stock deposit, any part of that certificate, account, or deposit, or any interest or dividend on the certificate, account, or deposit, may be paid to the owner during the owner's lifetime, and on the owner's death the investment share certificate, share account, deposit, or stock deposit, any part of that certificate, account, or deposit, or any interest or dividend on the certificate, account, or deposit, may be paid to the designated beneficiary, and the receipt of acquittance of the person paid is a sufficient release and discharge of the bank, building and loan or savings and loan association, credit union, or society for savings for any payment so made.
Structure Ohio Revised Code
Title 21 | Courts-Probate-Juvenile
Section 2131.01 | Present Value Determinations.
Section 2131.02 | Legal Disability Defined.
Section 2131.04 | Expectant Estates Descendible, Devisable, and Alienable.
Section 2131.05 | Validity of Remainders.
Section 2131.06 | When Expectant Estates Defeated.
Section 2131.07 | Estate in Fee Simple May Be Made Defeasible.
Section 2131.08 | Rule Against Perpetuities.
Section 2131.09 | Exemption of Certain Trusts.
Section 2131.10 | Payable on Death Accounts.
Section 2131.11 | Release and Discharge of Payable on Death Account.
Section 2131.13 | Transfer-on-Death of Motor Vehicle, Watercraft, or Outboard Motor Statute.
Section 2131.21 | Deposit of Securities Held in Fiduciary Capacity.