NC S746

Modifies pledge laws for joint accounts in credit unions (G.S. 54-109.58), savings and loan associations (G.S. 54B-129), and savings banks (G.S. 54C-165) to conform with existing bank pledge laws.

Requires written agreement between the financial institution and ALL joint tenants before a pledge of a joint account by one or more joint tenants is valid, rather than allowing pledges based on agreement with only some account holders.

Establishes that pledges of joint accounts are binding upon all joint tenants, do not sever joint ownership, and survive the death of any joint tenant.

Effective upon enactment and applies retroactively to joint accounts created before, on, or after the law takes effect.