Tennessee Code 45-3-515 – Account payable on death
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Terms Used In Tennessee Code 45-3-515
- Association: means a capital stock or mutual savings and loan association. See Tennessee Code 45-3-104
- Contract: A legal written agreement that becomes binding when signed.
- Person: means an individual, firm, partnership, joint venture, trust, estate, unincorporated association, company, or corporation organized under the laws of this or any other state, the United States or foreign country. See Tennessee Code 45-3-104
An association may accept deposits made by any person in trust for another or may contract for deposits that may be made payable on the death of the last surviving owner under the same terms and conditions provided by § 45-2-704.