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AZ HB2026

Bill

Status

Introduced

3/31/2015

Primary Sponsor

Kate Brophy McGee

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Origin

House of Representatives

Fifty-second Legislature - First Regular Session (2015)

AI Summary

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

  • Changes the phrase "thereof" and "thereon" to "of" and "on the deposits" for improved grammatical clarity in describing deposit withdrawals and interest payments.

  • Allows deposits made in two or more persons' names (including minors) to be withdrawn by any account holder, whether other account holders are living or deceased.

  • Confirms that a receipt or order from any paid account holder serves as a valid release and discharge for the bank when making such payments.

Legislative Description

Bank deposits; technical correction

Last Action

Referred to House RULES Committee

3/31/2015

Full Bill Text

No bill text available