Section 13.33.213. Alteration of rights.

Latest version.

   (a) Rights at death under AS 13.33.212 are determined by the terms of the account at the death of a party. The terms of the account may be altered by written notice given by a party to the financial institution to change the terms of the account or to stop or vary payment under the terms of the account. The notice shall be signed by a party and received by the financial institution during the party's lifetime.
   (b) A right of survivorship arising from the express terms of the account, AS 13.33.212, or a POD designation may not be altered by will.

Notes

History

(Sec. 12 ch 75 SLA 1996)

                    
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