Banking; providing certain powers and authorities for authorized signers on deposit accounts; modifying requirements for certain beneficiaries for Payable on Death deposit accounts; effective date.
Provides liability protection for federally insured depository institutions and mutual associations that transfer money or property by relying on small succession affidavits. (gov sig)
Banking; transfer of funds to known heirs of deceased without designated beneficiary; requiring certain transfers; affidavits; court determination to release certain deposits; effective date.