§ 19-602.06. Applicability of subchapter.

Current through October 23, 2012

The provisions of part B concerning beneficial ownership as between parties or as between parties and beneficiaries apply only to controversies between those persons and their creditors and other successors, and do not apply to the right of those persons to payment as determined by the terms of the account. Part C governs the liability and set-off rights of financial institutions that make payments pursuant to it.

                
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(Apr. 27, 2001, D.C. Law 13-292, § 302(b), 48 DCR 2087.)

HISTORICAL AND STATUTORY NOTES

Legislative History of Laws

For D.C. Law 13-292, see notes following § 19-601.01.

Uniform Law

This section is based upon § 206 of the Uniform Nonprobate Transfers on Death Act (1991 Act). See 8B Uniform Laws Annotated, Master Edition, or ULA Database on WESTLAW.