A financial institution may enter into a contract of deposit for a multiple -party account to the same extent it may enter into a contract of deposit for a single -party account, and may provide for a P.O.D. designation and an agency designation in either a single -party account or a multiple-party account. A financial institution need not inquire as to the source of a deposit to an account or as to the proposed application of a payment from an account.
‹ Prev All North Dakota sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.