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O.C.G.A. § 7-1-816

Multiple-party accounts authorized; payment on signature of one party; inquiry as to deposits or withdrawals not required

Code 1933, § 41A-3807, enacted by Ga

Financial institutions may enter into multiple-party accounts to the same extent that they may enter into single-party accounts. Any multiple-party account may be paid, on request, to any one or more of

the parties. For purposes of establishing net contributions, a financial institution shall not be required to inquire as to the source of funds

received for deposit to a multiple-party account or to inquire as to the

proposed application of any sum withdrawn from an account.

Current official text: Official Code of Georgia Annotated (LexisNexis). Digitized from the Internet Archive scan of the OCGA. Reproduced from public-domain Georgia statutes; confirm against the official source for the current text. Not legal advice.