A financial institution, on request of an agent under an agency designation for an account, may pay to the agent sums on deposit in the account, whether or not a party is disabled, incapacitated, or deceased when the request is made or received, and whether or not the authority of the agent terminates on the disability or incapacity of a party.
HISTORY: 2013 Act No. 100, Section 2, eff January 1, 2014.
Structure South Carolina Code of Laws
Title 62 - South Carolina Probate Code
Article 6 - Nonprobate Transfers
Section 62-6-101. Definitions.
Section 62-6-102. Applicability of article.
Section 62-6-104. Short forms for single- and multiple-party accounts.
Section 62-6-105. Designation of agent; authority of agent.
Section 62-6-106. Applicability of Part 2.
Section 62-6-201. Ownership during lifetime.
Section 62-6-202. Right of survivorship.
Section 62-6-203. Rights of parties and beneficiaries.
Section 62-6-204. Transfers not testamentary.
Section 62-6-205. Rights of creditors.
Section 62-6-301. Contract of deposit for a multiple-party account.
Section 62-6-302. Multiple-party accounts may be paid on request to one or more parties.
Section 62-6-303. Payment of POD account.
Section 62-6-304. Payment to agent.