Loading chat...
AZ HB2026
Bill
Status
Introduced
3/31/2015
Primary Sponsor
Kate Brophy McGee
Click for details
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Allows deposits made in two or more persons' names (including minors) to be withdrawn by any account holder, whether other account holders are living or deceased.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