SB 1239 Arizona Senate · 57th Legislature - First Regular Session

bank deposits; technical correction

SB 1239 clarifies Arizona's existing law about joint bank accounts, specifically allowing banks to pay out funds to any named person on a joint account without needing to confirm if other account holders are alive. It directly affects Arizona residents who hold joint bank accounts, including those with minors or multiple owners. The bill amends Arizona Revised Statutes § 6-235 to explicitly state that banks may pay deposits or interest to any named person (or their representative) regardless of the living status of other account holders. This is a technical correction to eliminate ambiguity in current law, not a new policy change.
Bill status introduced 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 27, 2025 Last action Jan 28, 2025
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P
Photo of J.D. Mesnard
J.D. Mesnard
RRepublican
AZ
13