§ 19-602.24Title 19

Payment to designated agent.

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 has a disability, is 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.

Annotations

Apr. 27, 2001, D.C. Law 13-292, § 302(b), 48 DCR 2087
Apr. 24, 2007, D.C. Law 16-305, § 33(d), 53 DCR 6198
Uniform Law: This section is based upon § 224 of the Uniform Nonprobate Transfers on Death Act (1991 Act).
D.C. Law 16-305 substituted “has a disability, is” for “is disabled”.

Source XML

Sourced from the DC Council Open Law Library (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.