9-1205. Joint accounts.
Deposits may be made in the names of two or more persons, including minors, and funds on deposit may be paid to any or all of the joint owners under the terms of the deposit contract. Payment to a joint owner in accordance with the terms of the deposit contract shall be valid and sufficient release and discharge to the bank for any payment so made.
History: L. 1947, ch. 102, § 54; L. 2015, ch. 38, § 70; July 1.