Alabama Code (Last Updated: November 28, 2014) |
Title5 BANKS AND FINANCIAL INSTITUTIONS. |
Chapter24. UNIFORM MULTIPLE-PERSON ACCOUNTS ACT. |
Article2. Ownership As Between Parties and Others. |
§5-24-14. Accounts and transfers nontestamentary.
Latest version.
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Except as a consequence of, and to the extent directed by, Section 5-24-15, a transfer resulting from the application of Section 5-24-12 is effective by reason of the terms of the account involved and this chapter and is not testamentary or subject to estate administration.