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AZ HB2110

Bill

Official Source

Status

Introduced

1/16/2013

Primary Sponsor

Jeff Dial

Click for details

Origin

House of Representatives

Fifty-first Legislature - First Regular Session (2013)

AI Summary

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

  • Changes the language describing how interest on deposits is referenced, replacing "thereon" with "on the deposits" for clarity.

  • Allows banks to pay deposits made in two or more names to any of the account holders or their survivors without requiring consent from other account holders.

  • The receipt or order from the person receiving payment serves as a valid release and discharge to the bank for the payment made.

Legislative Description

Bank deposits; technical correction

Last Action

Introduced

1/16/2013

Full Bill Text

No bill text available