S.C. Code § 62-6-301

Current through 2024 Act No. 209.

Section 62-6-301 - Contract of deposit for a multiple-party account

A financial institution may enter into a contract of deposit for a multiple-party account to the same extent it may enter into a contract of deposit for a single-party account, and may provide for a POD designation and an agency designation in either a single-party account or a multiple-party account. A financial institution need not inquire as to the source of a deposit to an account or as to the proposed application of a payment from an account.

Amended by 2013 S.C. Acts, Act No. 100 (SB 143), s 2, eff. 1/1/2014.

1976 Code Section 62-6-108; 1987 Act No. 171, Section 72; 1986 Act No. 539, Section 1.