CT HB05972

Modifies section 36a-290(b) of Connecticut General Statutes regarding the presumption of ownership in joint bank accounts.

Changes the evidentiary standard from "clear and convincing" evidence to "preponderance of the evidence" to rebut the presumption that a joint account vests title in surviving account holders.

Maintains that establishing a joint deposit or share account creates prima facie evidence of intent by all named owners to vest account title (including all subsequent deposits) in survivor(s), absent fraud or undue influence.

Applies to any action or proceeding between two or more depositors concerning ownership of a joint account or its proceeds.

Effective date: October 1, 2019.