30.1-31-05. (6-204) Forms

30.1-31-05. (6-204) Forms 1. A contract of deposit that contains provisions in substantially the following form establishes the type of account provided, and the account is governed by the provisions of sections 30.1-31-02 through 30.1-31-20 applicable to an account of that type: UNIFORM SINGLE- OR MULTIPLE-PARTY ACCOUNT FORM PARTIES [name one or more parties]: ____________________ ____________________ OWNERSHIP [select one and initial]: ___ SINGLE-PARTY ACCOUNT ___ MULTIPLE-PARTY ACCOUNT Parties own account in proportion to net contributions unless there is clear and convincing evidence of a different intent. RIGHTS AT DEATH [select one and initial]: ___ SINGLE-PARTY ACCOUNT At death of party, ownership passes as part of party's estate. ___ SINGLE-PARTY ACCOUNT WITH P.O.D. (PAY ON DEATH) DESIGNATION [name one or more beneficiaries]: _____________________ _____________________ At death of party, ownership passes to P.O.D. beneficiaries and is not part of party's estate. ___ MULTIPLE-PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP At death of party, ownership passes to surviving parties. ___ MULTIPLE-PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP AND P.O.D. (PAY ON DEATH) DESIGNATION [name one or more beneficiaries]: _____________________ _____________________ At death of last surviving party, ownership passes to P.O.D. beneficiaries and is not part of last surviving party's estate. ___ MULTIPLE-PARTY ACCOUNT WITHOUT RIGHT OF SURVIVORSHIP At death of party, deceased party's ownership passes as part of deceased party's estate. AGENCY (POWER OF ATTORNEY) DESIGNATION [optional] Agents may make account transactions for parties but have no ownership or rights at death unless named as P.O.D. beneficiaries. [to add agency designation to account, name one or more agents]: _____________________ _____________________ [select one and initial]: ___ AGENCY DESIGNATION SURVIVES DISABILITY OR INCAPACITY OF PARTIES ___ AGENCY DESIGNATION TERMINATES ON DISABILITY OR INCAPACITY OF PARTIES 2. A contract of deposit that does not contain provisions in substantially the form provided in subsection 1 is governed by sections 30.1-31-02 through 30.1-31-20 applicable to the type of account that most nearly conforms to the depositor's intent.