(1) Rights at death under section 15-15-212 are determined by the type of account at the death of a party. The type of account may be altered by written notice given by a party to the financial institution to change the type of account or to stop or vary payment under the terms of the account. The notice must be signed by a party and received by the financial institution during the party's lifetime.
(2) A right of survivorship arising from the express terms of the account, section 15-15-212, or a POD designation, may not be altered by will.
Source: L. 90: Entire article R&RE, p. 914, § 1, effective July 1.
Editor's note: This section is similar to former § 15-15-105 as it existed prior to 1990.