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Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-35-504. Joint tenancy with right of survivorship

Current as of March 28, 2024 | Updated by Findlaw Staff

A member may designate any person to hold shares and thrift club accounts with him or her in joint tenancy with the right of survivorship, but no joint tenant, unless a member in his or her own right, shall be permitted to vote, obtain loans, or hold office. Payment of part or all of the joint accounts to any of the joint tenants shall, to the extent of the payment, discharge the liability to all.

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Cite this article: FindLaw.com - Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-35-504. Joint tenancy with right of survivorship - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-23-public-utilities-and-regulated-industries/ar-code-sect-23-35-504/

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