Iowa Code 524.806 – Deposit in the names of two or more individuals
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Terms Used In Iowa Code 524.806
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
524.806 Deposit in the names of two or more individuals.
When a deposit is made in any state bank in the names of two or more individuals, payable
to any one or more of them, or payable to the survivor or survivors, the deposit, including interest, or any part thereof, may be paid to any one or more of the individuals whether the others be living or not, and the receipt or acquittance of the individuals so paid is a valid and sufficient release and discharge to the state bank for any payment so made.
[S13, §1889-b; C24, 27, 31, 35, 39, §9267; C46, 50, 54, 58, 62, 66, §528.64; C71, 73, 75, 77,
79, 81, §524.806; 81 Acts, ch 173, §3]
When a deposit is made in any state bank in the names of two or more individuals, payable
to any one or more of them, or payable to the survivor or survivors, the deposit, including interest, or any part thereof, may be paid to any one or more of the individuals whether the others be living or not, and the receipt or acquittance of the individuals so paid is a valid and sufficient release and discharge to the state bank for any payment so made.
[S13, §1889-b; C24, 27, 31, 35, 39, §9267; C46, 50, 54, 58, 62, 66, §528.64; C71, 73, 75, 77,
79, 81, §524.806; 81 Acts, ch 173, §3]