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AZ HB2133

Bill

Status

Introduced

1/12/2011

Primary Sponsor

Michelle Ugenti-Rita

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Origin

House of Representatives

Fiftieth Legislature - First Regular Session (2011)

AI Summary

  • Amends Arizona Revised Statutes Section 6-235 regarding bank deposits made in two or more names.

  • Changes language from "thereof" and "thereon" to "of" and "on the deposits" for grammatical clarity and modernization.

  • Maintains the existing legal provision that bank deposits can be made payable to either or any of the account holders, or to survivors.

  • Preserves the rule that banks may pay deposits and interest to any account holder regardless of whether other account holders are living.

  • Confirms that payment to any authorized account holder provides a valid release and discharge to the bank for such payments.

Legislative Description

Bank deposits; technical correction

Last Action

Introduced

1/12/2011

Full Bill Text

No bill text available