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AZ HB2174

Bill

Status

Introduced

1/11/2012

Primary Sponsor

Jeff Dial

Click for details

Origin

House of Representatives

Fiftieth Legislature - Second Regular Session (2012)

AI Summary

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

  • Clarifies that deposits made in multiple names payable to any survivor can be withdrawn by any of the named persons regardless of whether others are living.

  • Makes a technical correction to the language describing interest payments on such deposits, changing "thereon" to "on the deposits" for clarity.

  • 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