29A-6-102 Application to controversies between parties and between parties and P.O.D.
Application to controversies between parties and between parties and P.O.D.
provisions of §§ 29A-6-103 to 29A-6-105, inclusive, concerning beneficial ownership as between
parties, or as between parties and P.O.D. payees or beneficiaries of multiple-party accounts, are
relevant only to controversies between these persons and their creditors and other successors, and
have no bearing on the power of withdrawal of these persons as determined by the terms of account
contracts. The provisions of §§ 29A-6-108 to 29A-6-112, inclusive, govern the liability of financial
institutions which make payments pursuant thereto, and their setoff rights.
Source: SL 1987, ch 208, § 2; SL 1991, ch 230, § 1B; SDCL 30-23-44; SL 1995, ch 167, § 172.