This article does not apply to: (i) an account established for a partnership, joint venture, or other organization for a business purpose, (ii) an account controlled by one or more persons as an agent or trustee for a corporation, unincorporated association, or charitable or civic organization, or (iii) a fiduciary or trust account in which the relationship is established other than by the terms of the account.
HISTORY: 2013 Act No. 100, Section 2, eff January 1, 2014.
Editor's Note
Prior Laws: Former Section 62-6-102 was titled Ownership as between parties and others; protection of financial institutions, and had the following history: 1986 Act No. 539, Section 1.