New York S08649 amends banking law to allow multiple-person accounts, requiring a signature card and specifying that absent a contrary indication.

New York S08649 amends the banking law to introduce provisions for multiple-person accounts, requiring a signature card to establish the terms of the account. The bill specifies that unless there is a clear and convincing evidence of a different intent, upon the death of an account owner, funds remaining in the account are deemed part of the deceased account owner's estate.

New York S08649 amends banking law to allow multiple-person accounts, requiring a signature card and specifying that absent a contrary indication.

New York S08649 amends the banking law to introduce provisions for multiple-person accounts, requiring a signature card to establish the terms of the account. The bill specifies that unless there is a clear and convincing evidence of a different intent, upon the death of an account owner, funds remaining in the account are deemed part of the deceased account owner's estate.