NRS 678.570
Multiple-party accounts: Authorization

  • disbursement of money
  • limitations.


A credit union may enter into multiple-party accounts to the same extent that they may enter into single-party accounts. Any multiple-party account may be paid, on demand, to any one or more of the parties unless the terms of the account expressly stipulate that joint signatures are required.


A credit union is not required to inquire as to the source of funds received for deposit to a multiple-party account or to inquire as to the proposed application of any sum withdrawn from an account.


A multiple-party account may be created with any person designated by the credit union member, but a joint tenant shall not be permitted to vote, obtain loans or hold office unless he or she is a qualified member.

Source: Section 678.570 — Multiple-party accounts: Authorization; disbursement of money; limitations., https://www.­leg.­state.­nv.­us/NRS/NRS-678.­html#NRS678Sec570.

Last Updated

Feb. 3, 2020

§ 678.570’s source at nv​.us