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C.R.S. § 15-15-204

Forms

(1) 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 this part 2 applicable to an account of that type: UNIFORM SINGLE- OR MULTIPLE-PARTY ACCOUNT FORM PARTIES [Name One Or More Parties]: -------------------- -------------------- OWNERSHIP [Select One And Initial]: ----- SINGLE-PARTY ACCOUNT ----- MULTIPLE-PARTY ACCOUNT Parties own account in proportion to net contributions unless there is clear and convincing evidence of a different intent. RIGHTS AT DEATH [Select One And Initial]: ----- SINGLE-PARTY ACCOUNT At death of party, ownership passes as part of party’s estate. ----- SINGLE-PARTY ACCOUNT WITH POD (PAY ON DEATH) DESIGNATION [Name One Or More Beneficiaries]: --------------- --------------- At death of party, ownership passes to POD beneficiaries and is not part of party’s estate. ----- MULTIPLE-PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP At death of party, ownership passes to surviving parties. ----- MULTIPLE-PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP AND POD (PAY ON DEATH) DESIGNATION [Name One Or More Beneficiaries]: --------------- --------------- At death of last surviving party, ownership passes to POD beneficiaries and is not part of last surviving party’s estate. ----- MULTIPLE-PARTY ACCOUNT WITHOUT RIGHT OF SURVIVORSHIP At death of party, deceased party’s ownership passes as part of deceased party’s estate. AGENCY (POWER OF ATTORNEY) DESIGNATION [Optional] Agents may make account transactions for parties but have no ownership or rights at death unless named as POD beneficiaries. [To Add Agency Designation To Account, Name One Or More Agents]: --------------- --------------- [Select One And Initial]: ----- AGENCY DESIGNATION SURVIVES DISABILITY OR INCAPACITY OF PARTIES ----- AGENCY DESIGNATION TERMINATES ON DISABILITY OR INCAPACITY OF PARTIES (2) A contract of deposit that does not contain provisions in substantially the form provided in subsection (1) is governed by the provisions of this part 2 applicable to the type of account that most nearly conforms to the depositor’s intent.

Digitized from: Public.Law — Colorado Revised Statutes. Reproduced from public-domain Colorado statutes; confirm against the official source for the current text. Not legal advice.