NRS 111.803
Authority of financial institutions to enter into agreements of deposit

  • financial institutions not required to make inquiries concerning accounts.

A financial institution may enter into an agreement of deposit for a multiple-party account to the same extent it may enter into an agreement of deposit for a single-party account, and may provide for a POD designation and an agency designation in a single-party account or a multiple-party account. A financial institution need not inquire as to the source of a deposit to an account or as to the proposed application of a payment from an account.

Source: Section 111.803 — Authority of financial institutions to enter into agreements of deposit; financial institutions not required to make inquiries concerning accounts., https://www.­leg.­state.­nv.­us/NRS/NRS-111.­html#NRS111Sec803.

Last Updated

Feb. 3, 2020

§ 111.803’s source at nv​.us