REFERENCE TITLE: bank deposits; technical correction

State of Arizona Senate Forty-ninth Legislature Second Regular Session 2010

SB 1096

Introduced by Senator Burns

 

AN ACT

 

amending section 6-235, Arizona Revised Statutes; relating to bank deposits.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

Be it enacted by the Legislature of the State of Arizona:

Section 1.  Section 6-235, Arizona Revised Statutes, is amended to read:

START_STATUTE6-235.  Bank deposits in two or more names; payment to survivor

Bank deposits may be made in the name of two or more persons, including minors, payable to either or any of them, or payable to either or any of the survivors or the sole survivor, and the deposits or any part thereof of and any interest thereon, on the deposits may be paid to or on order of any of the persons whether the other or others are living or not.  The receipt, order or acquittance of the persons so paid is a valid and sufficient release and discharge to the bank for any payments so made.END_STATUTE