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AZ SB1239
Bill
Status
Introduced
1/27/2025
Primary Sponsor
Javan Mesnard
Click for details
AI Summary
- Amends Arizona Revised Statutes Section 6-235 regarding bank deposits made in multiple names.
- Allows bank deposits in two or more persons' names to be payable to any of them or to survivors.
- Clarifies that deposits and accrued interest may be paid to any named person regardless of whether other account holders are living.
- Receipt or order from the person receiving payment serves as valid release and discharge to the bank for such payments.
- Makes technical corrections to statutory language for clarity.
Legislative Description
Bank deposits; technical correction
Technical Correction
Last Action
Senate read second time
1/28/2025
Committee Referrals
Rules1/27/2025
Finance1/27/2025
Full Bill Text
No bill text available