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AZ HB2133
Bill
Status
Introduced
1/12/2011
Primary Sponsor
Michelle Ugenti-Rita
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AI Summary
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Amends Arizona Revised Statutes Section 6-235 regarding bank deposits made in two or more names.
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Changes language from "thereof" and "thereon" to "of" and "on the deposits" for grammatical clarity and modernization.
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Maintains the existing legal provision that bank deposits can be made payable to either or any of the account holders, or to survivors.
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Preserves the rule that banks may pay deposits and interest to any account holder regardless of whether other account holders are living.
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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