Section 5-5A-40 Disposition of Deposit in Trust for Another Upon Death of Trustee.

If a deposit is made in trust for someone and the bank has not received written notice of the trust, the bank may pay the deposit and interest to that person after the trustee dies.

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Jurisdiction: United States — Alabama
Instrument: Act or statute
Version: Undated source snapshot
Language: en
Official source: View official record ↗

bank liability deposit accounts

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Section 5-5A-40 Disposition of Deposit in Trust for Another Upon Death of Trustee.

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