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Current as of January 01, 2022 | Updated by FindLaw Staff
A financial institution, on request, may pay sums on deposit in a multiple-party account to:
1. One or more of the parties. One or more of the parties, whether or not another party is disabled, incapacitated or deceased when payment is requested and whether or not the party making the request survives another party; or
2. Personal representative. The personal representative, if any, or, if there is none, the heirs or devisees of a deceased party if proof of death is presented to the financial institution showing that the deceased party was the survivor of all other persons named on the account either as a party or beneficiary, unless the account is without right of survivorship under section 6-212.
Cite this article: FindLaw.com - Maine Revised Statutes Title 18-C. Probate Code § 6-222. Payment on multiple-party account - last updated January 01, 2022 | https://codes.findlaw.com/me/title-18-c-probate-code/me-rev-st-tit-18-c-sect-6-222/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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