Statutes, codes, and regulations
Colorado Revised Statutes
Title 15 - PROBATE, TRUSTS, AND FIDUCIARIESCOLORADO PROBATE CODEArticle 15 - NONPROBATE TRANSFERS ON DEATH
Subpart 3 - PROTECTION OF FINANCIAL INSTITUTIONS
Section 15-15-221 - Authority of financial institution

Colo. Rev. Stat. § 15-15-221

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Current through Chapter 519 of the 2024 Legislative Session and Chapter 2 of the 2024 First Extraordinary Session
Section 15-15-221 - Authority of financial institution

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.

C.R.S. § 15-15-221

L. 90: Entire article R&RE, p. 915, § 1, effective July 1.

This section is similar to former §15-15-108 as it existed prior to 1990.