Legal Question in Banking Law in Utah
Joint Bank Account by non-married individuals
If two people enter into a joint bank account in Utah, and they are not married, and one leaves the State and wants to close to account, can the second party sue for half of the balance left in the account upon closure?
Asked on 11/13/03, 12:23 am
1 Answer from Attorneys
Alvin Lundgren
Alvin R. Lundgren, L.C.
Re: Joint Bank Account by non-married individuals
A joint account means that both people have access to the funds, either one can take any or all of the funds at any time. You can sue for your share of funds, but the legal status is that the funds are joint property.
Answered on 11/13/03, 10:39 pm
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