Alaska Stat. § 13.33.204

Current through Chapter 61 of the 2024 Legislative Session and 2024 Executive Orders 125, 133 through 135

Section 13.33.204 - Forms

(a) A contract of deposit that contains provisions in substantially the following form establishes the type of account provided, and the account is governed by the provisions of AS 13.33.201 - 13.33.227 applicable to an account of that type:

UNIFORM SINGLE - OR MULTIPLE-PARTY ACCOUNT FORM PARTIES (Name one or more parties):

OWNERSHIP(Select one andinitial):

SINGLE-PARTYACCOUNT

MULTIPLE-PARTY ACCOUNT

Parties own theaccount inproportion to netcontributionsunless there is clearand convincingevidence of adifferent intent.

RIGHTS ATDEATH (Selectone and initial):

SINGLE-PARTYACCOUNT

At death of party,ownership passesas part of party'sestate.

SINGLE-PARTYACCOUNT WITHPOD (PAY ONDEATH)DESIGNATION

(Name one or morebeneficiaries):

At death of party,ownership passesto PODbeneficiaries and isnot part of party'sestate.

MULTIPLE-PARTY ACCOUNTWITH RIGHT OFSURVIVORSHIP

At death of party,ownership passes tosurviving parties.

MULTIPLE-PARTY ACCOUNTWITH RIGHT OFSURVIVORSHIPAND POD (PAYON DEATH)DESIGNATION

(Name one or morebeneficiaries):

At death of lastsurviving party,ownership passesto PODbeneficiaries and isnot part of lastsurviving party'sestate.

MULTIPLE-PARTY ACCOUNTWITHOUT RIGHTOFSURVIVORSHIP

At death of party,deceased party'sownership passesas part of deceasedparty's estate.

AGENCY(POWER OFATTORNEY)DESIGNATION(Optional)

Agents may makeaccounttransactions forparties but do nothave ownership orrights at deathunless named asPOD beneficiaries.(To add agencydesignation toaccount, name oneor more agents):

(Select one andinitial):

AGENCYDESIGNATIONSURVIVESDISABILITY ORINCAPACITY OFPARTIES

AGENCYDESIGNATIONTERMINATESON DISABILITYOR INCAPACITYOF PARTIES.

(b) A contract of deposit that does not contain provisions in substantially the form provided in (a) of this section is governed by the provisions of AS 13.33.201 - 13.33.227 applicable to the type of account that most nearly conforms to the depositor's intent.

AS 13.33.204