A financial institution, on request of an agent under an agency designation for an account, may pay to the agent sums on deposit in the account, whether or not a party is disabled, incapacitated, or deceased when the request is made or received, and whether or not the authority of the agent terminates on the disability or incapacity of a party.
Source: L. 90: Entire article R&RE, p. 916, § 1, effective July 1.
Editor's note: This section is similar to former § 15-15-111 as it existed prior to 1990. 15-15-225. Payment to minor. If a financial institution is required or permitted to make payment pursuant to this part 2 to a minor designated as a beneficiary, payment may be made pursuant to the "Colorado Uniform Transfers to Minors Act", article 50 of title 11, C.R.S.
Source: L. 90: Entire article R&RE, p. 916, § 1, effective July 1.