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 (1) or more of the parties. 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of funds received for deposit to a multiple-party account, or to inquire as to the proposed application of any sum withdrawn from an account, for purposes of establishing net contributions.
Idaho Code § 15-6-108
Financial institution protection — Payment on signature of one party
Applied in 1 court decision — leading case Smith v. Idaho State University Federal Credit Union (1982)
Most recently applied in Smith v. Idaho State University Federal Credit Union (June 1982)
I.C., § 15-6 -108, as added by 1971, ch. 111, § 1, p. 233.
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.