§412:10-308 - Payable-on-death accounts. - Hawaii Statutes

     §412:10-308  Payable-on-death accounts.  Notwithstanding any other provision of law, a credit union may establish share and deposit accounts payable to one or more persons during their lifetimes and on the death of all of them to one or more payable-on-death payees.  Any transfer to a payable-on-death payee is effective by reason of the account contract and shall not be considered to be a testamentary transfer. [L 1993, c 350, pt of §1]