A financial institution, on request of an agent under an agency designation for an account, may pay to the agent sums on deposit in the account, whether or not a party is disabled, incompetent, incapacitated, or deceased when the request is made or received, and whether or not the authority of the agent terminates on the death, disability, incompetency, or incapacity of a party.
Ala. Code § 5-24-24
Payment to Designated Agent.
Known as the Uniform Multiple-Person Accounts Act
The act spans §§ 5-24-1 to 5-24-6 (22 sections).
(Acts 1997, No. 97-644, p. 1177, §1.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.