§560:6-108 - Financial institution protection; payment on signature of one party. - Hawaii Statutes

     §560:6-108  Financial institution protection; payment on signature of one party.  Financial institutions may enter into multiple-party accounts to the same extent that they may enter into single-party accounts.  Subject to the provision of sections 236D-12 and 560:6-107, any multiple-party account may be paid, on request and according to its terms, to any one or more of the parties.  A financial institution shall not be 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of funds received for deposit to a multiple-party account, or to inquire as to the proposed application of any sum withdrawn from an account. [L 1976, c 200, pt of §1; am L 1983, c 217, §8]