Sec. 5.
| FORM OF STATUTORY JOINT ACCOUNT CONTRACT | |||
| 1. | Name of financial institution: | ||
| 2. | Nature of Account: | ||
| Check______Savings Account; | |||
| ______Commercial Account; | |||
| ______Certificate of Deposit; | |||
| ______Other Credits (describe): | |||
| 3. | Name and address of person designated as A: | ||
| 4. | Name and address of person designated as B: | ||
| 5. | Who may withdraw funds during lifetime of A and B: | ||
| Check______A;______B;______Either A or B; | |||
| ______Signatures of both A and B. | |||
| 6. | Who may revoke this contract by written notice to the financial institution: | ||
| Check______A;______B;______Either A or B; | |||
| ______Signatures of both A and B. In the event of | |||
| revocation, the right to withdraw funds shall be determined by designation of ownership in item 7. | |||
| 7. | Who owns the funds during the lifetime of A and B: | ||
| Check______A;______B;______Equally by A and B; | |||
| Other proportions (describe):______ | |||
| 8. | Who owns the funds and has the right to withdraw if A dies first: | ||
| Check______B;______A's estate;______Equally by B and A's estate; | |||
| Other proportions (describe):______. | |||
| 9. | Who owns the funds and has the right to withdraw if B dies first: | ||
| Check______A;______B's estate;______Equally by A and B's estate; | |||
| Other proportions (describe):______. | |||
| 10. | If A and B should die simultaneously without proof of who survives, which provision shall control: | ||
| Check______Item 8 above;______Item 9 above. | |||
| 11. | Signature of persons having right of withdrawal:______. | ||
| 12. | Date of signature:______. | ||
History: 1978, Act 53, Imd. Eff. Mar. 9, 1978