Ohio § 1733.241
Full text of Ohio Ohio Revised Code § 1733.241, with citation guidance and answers to common questions.
§ 1733.241.
(A) When a share, share account, or deposit is made in the name of two or more persons,
payable to either or the survivor, the credit union may pay all of the share, share
account, deposit, any part of the share, share account, deposit, or any interest earned
on the share, share account, or 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 credit union for any payments made from the account to that person. (B) A credit union may enter into a written contract with a natural person for the proceeds
of the person's shares, share accounts, or 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 § 1733.241
What does Ohio Revised Code § 1733.241 cover?
Section 1733.241 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 § 1733.241?
A common citation format is "Ohio Revised Code § 1733.241" (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 § 1733.241 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.