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AZ SB1072

Bill

Official Source

Status

Introduced

1/10/2022

Primary Sponsor

Karen Fann

Click for details

Origin

Senate

Fifty-fifth Legislature - Second Regular Session (2022)

AI Summary

  • Amends Arizona Revised Statutes Section 6-235 regarding bank deposits held in multiple names.
  • Changes "thereof" to "of" when referring to deposits or parts of deposits.
  • Changes "thereon" to "on the deposits" when referring to interest earned on deposits.
  • Clarifies that deposits in two or more names (including minors) may be paid to any of the account holders or survivors regardless of whether other account holders are living.
  • Maintains that a receipt or order from the person paid serves as valid discharge for the bank.

Legislative Description

Bank deposits; technical correction

Technical Correction

Last Action

Senate read second time

1/11/2022

Committee Referrals

Rules1/10/2022

Full Bill Text

No bill text available