---
title: O.C.G.A. § 7-1-816. Multiple-party accounts authorized; payment on signature of one party; inquiry as to deposits or withdrawals not required.
collection: code
id: 7-1-816
cite_as: O.C.G.A. § 7-1-816 (2025)
canonical_url: https://georgiacommons.org/code/7-1-816
md_url: https://georgiacommons.org/code/7-1-816.md
text_url: https://georgiacommons.org/code/7-1-816/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t7-t8-(v5)-2024-pdf.pdf?sfvrsn=6386add7_0#page=503
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/7-1.md
previous: https://georgiacommons.org/code/7-1-815.md
next: https://georgiacommons.org/code/7-1-817.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: BANKING AND FINANCE / FINANCIAL INSTITUTIONS / MULTIPLE-PARTY ACCOUNTS
---

# O.C.G.A. § 7-1-816. Multiple-party accounts authorized; payment on signature of one party; inquiry as to deposits or withdrawals not required.

Financial institutions may enter into multiple-party accounts to the same extent that they may enter into single-party accounts. Any multiple-party account may be paid, on request, to any one or more of the parties. For purposes of establishing net contributions, a financial institution shall not be required to inquire as to the source of funds received for deposit to a multiple-party account or to inquire as to the proposed application of any sum withdrawn from an account.

## History

Code 1933, § 41A-3807, enacted by Ga. L. 1976, p. 1388, § 8.

## Law Reviews

For article, “Business Associations,” see 53 Mercer L. Rev. 109 (2001).

For article, “Wills, Trusts & Administration of Estates,” see 53 Mercer L. Rev. 499 (2001).