RCW 30A.22.090
Ownership of funds during lifetime of depositor.
Subject to community property rights, during the lifetime of a depositor, or the joint lifetimes of depositors:
(1) Funds on deposit in a single account belong to the depositor.
(2) Funds on deposit in a joint account without right of survivorship and in a joint account with right of survivorship belong to the depositors in proportion to the net funds owned by each depositor on deposit in the account, unless the contract of deposit provides otherwise or there is clear and convincing evidence of a contrary intent at the time the account was created.
(3) Funds on deposit in a trust or P.O.D. account belong to the depositor and not to the trust or P.O.D. account beneficiary or beneficiaries; if two or more depositors are named on the trust or P.O.D. account, their rights of ownership to the funds on deposit in the account are governed by subsection (2) of this section.
(4) Ownership of funds on deposit in an agency account shall be determined in accordance with subsections (1), (2), and (3) of this section depending upon whether the principal is a depositor on a single account, joint account, joint account with right of survivorship, or trust or P.O.D. account.
[ 1981 c 192 § 9. Formerly RCW 30.22.090.]
Structure Revised Code of Washington
Title 30A - Washington Commercial Bank Act
Chapter 30A.22 - Financial Institution Individual Account Deposit Act.
30A.22.050 - Types of accounts which financial institution may establish.
30A.22.060 - Requirements of contract of deposit.
30A.22.070 - Accounts of minors and incompetents.
30A.22.080 - Accounts of married persons.
30A.22.090 - Ownership of funds during lifetime of depositor.
30A.22.100 - Ownership of funds after death of a depositor.
30A.22.110 - Controversies between owners.
30A.22.120 - Right to rely on form of account—Discharge of financial institutions.
30A.22.130 - Rights as between individuals preserved.
30A.22.140 - Payment of funds to a depositor.
30A.22.150 - Payment to minors and incompetents.
30A.22.160 - Payment to trust and P.O.D. account beneficiaries.
30A.22.170 - Payment to agents of depositors.
30A.22.180 - Payment to personal representatives.
30A.22.190 - Payment to heirs and creditors of a deceased depositor.
30A.22.200 - Payment to foreign personal representative—Release of financial institution.
30A.22.210 - Authority to withhold payment—Vulnerable adults.
30A.22.220 - Adverse claim bond.
30A.22.230 - Authority to charge a customer for furnishing items or copies of items.
30A.22.240 - Records—Disclosure—Requests by law enforcement—Fees.
30A.22.245 - Records—Admission as evidence—Certificate.
30A.22.250 - No duty to request information.
30A.22.260 - Promotional contests of chance—Director's authority.
30A.22.900 - Effective date—1981 c 192.
30A.22.902 - Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.