RCW 30A.22.160
Payment to trust and P.O.D. account beneficiaries.
Financial institutions may pay any funds remaining on deposit in an account to a trust or P.O.D. account beneficiary or beneficiaries when the financial institution has received proofs of death of all depositors to the account who pursuant to the terms of the contract of deposit were required to predecease the beneficiary. If there is more than one trust or P.O.D. account beneficiary, financial institutions shall not, unless the contract of deposit otherwise provides, pay to any one such beneficiary more than that amount which is obtained by dividing the total of the funds on deposit in the account by the number of trust or P.O.D. account beneficiaries.
[ 1981 c 192 § 16. Formerly RCW 30.22.160.]
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.