Ohio § 1109.07
Full text of Ohio Ohio Revised Code § 1109.07, with citation guidance and answers to common questions.
§ 1109.07.
(A) When a deposit is made in the name of two or more persons, payable to either or the
survivor, the bank may pay all of the deposit, any part of the deposit, or any interest
earned on the deposit, to either of the named persons, or the guardian of the estate
of either of the named persons, whether or not the other person is living. The receipt or acquittance of the person paid is a sufficient release and discharge
of the bank for any payments made from the account to that person. (B) A bank may enter into a written contract with a natural person for the proceeds of
the person's deposits to be payable on the death of that person to another person
or to any entity or organization in accordance with the terms, restrictions, and limitations
set forth in sections 2131.10 and 2131.11 of the Revised Code .
Frequently Asked Questions About Ohio § 1109.07
What does Ohio Revised Code § 1109.07 cover?
Section 1109.07 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 1109.07?
A common citation format is "Ohio Revised Code § 1109.07" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1109.07 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.