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CT HB06371

Bill

Official Source

Status

Introduced

2/3/2021

Primary Sponsor

Banking Committee

Click for details

Origin

House of Representatives

2021 General Assembly

AI Summary

  • Amends Connecticut General Statutes section 36a-290(b) to lower the evidentiary standard for disputing joint bank account ownership from "clear and convincing evidence" to "a preponderance of the evidence"
  • Joint bank account establishment remains prima facie evidence of intent by all named owners to vest title in surviving account holders, absent fraud or undue influence
  • The lower standard makes it easier for depositors to challenge the presumption of joint ownership in disputes over account proceeds
  • Effective date: October 1, 2021
  • Received joint favorable recommendations from Banking and Judiciary committees

Legislative Description

An Act Concerning The Presumption Of Ownership In Joint Bank Accounts.

Last Action

Tabled for the Calendar, House

4/21/2021

Committee Referrals

Judiciary4/13/2021
Banking2/3/2021

Full Bill Text

No bill text available