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AZ HB2174
Bill
Status
Introduced
1/11/2012
Primary Sponsor
Jeff Dial
Click for details
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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Clarifies that deposits made in multiple names payable to any survivor can be withdrawn by any of the named persons regardless of whether others are living.
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Makes a technical correction to the language describing interest payments on such deposits, changing "thereon" to "on the deposits" for clarity.
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Confirms that a receipt or order from any person receiving payment serves as a valid release and discharge for the bank.
Legislative Description
Bank deposits; technical correction.
Last Action
Introduced
1/11/2012
Full Bill Text
No bill text available