Section 7-1-814. Changing terms of account

Latest version.

   The provisions of Code Section 7-1-813 as to rights of survivorship are determined by the form of the account at the death of a party. Once established, the terms of a multiple-party account can be changed only:

   (1) By closing the account and reopening it under different terms; or

   (2) By presentation to the financial institution of a modification agreement in a form satisfactory to the financial institution and signed by all parties with a present right of withdrawal.

Code 1933, § 41A-3805, enacted by Ga. L. 1976, p. 1388, § 8.

                    
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