Code of the District of Columbia

Part A. Definitions and General Provisions.


§ 19–602.01. Definitions.

For the purposes of this subchapter, the term:

(1) “Account” means a contract of deposit between a depositor and a financial institution, and includes a checking account, savings account, certificate of deposit, and share account.

(2) “Agent” means a person authorized to make account transactions for a party.

(3) “Beneficiary” means a person named as one to whom sums on deposit in an account are payable on request after death of all parties or for whom a party is named as trustee.

(3A) “Domestic partner” shall have the same meaning as provided in § 32-701(3).

(4) “Financial institution” means an organization authorized to do business under state, District, or federal laws relating to financial institutions, and includes a bank, trust company, savings bank, building and loan association, savings and loan company or association, and credit union.

(5) “Multiple-party account” means an account payable on request to one or more of 2 or more parties, whether or not a right of survivorship is mentioned.

(6) “Party” means a person who, by the terms of an account, has a present right, subject to request, to payment from the account other than as a beneficiary or agent.

(7) “Payment” of sums on deposit includes withdrawal, payment to a party or third person pursuant to check or other request, and a pledge of sums on deposit by a party, or a set-off, reduction, or other disposition of all or part of an account pursuant to a pledge.

(8) “POD designation” means the designation of:

(A) A beneficiary in an account payable on request to one party during the party’s lifetime and on the party’s death to one or more beneficiaries, or to one or more parties during their lifetimes and on death of all of them to one or more beneficiaries; or

(B) A beneficiary in an account in the name of one or more parties as trustee for one or more beneficiaries if the relationship is established by the terms of the account and there is no subject of the trust other than the sums on deposit in the account, whether or not payment to the beneficiary is mentioned.

(9) “Receive,” as it relates to notice to a financial institution, means receipt in the office or branch office of the financial institution in which the account is established, but if the terms of the account require notice at a particular place, in the place required.

(10) “Request” means a request for payment complying with all terms of the account, including special requirements concerning necessary signatures and regulations of the financial institution; but, for purposes of this subchapter, if terms of the account condition payment on advance notice, a request for payment is treated as immediately effective and a notice of intent to withdraw is treated as a request for payment.

(11) “Sums on deposit” means the balance payable on an account, including interest and dividends earned, whether or not included in the current balance, and any deposit life insurance proceeds added to the account by reason of death of a party.

(12) “Terms of the account” includes the deposit agreement and other terms and conditions, including the form, of the contract of deposit.


(Apr. 27, 2001, D.C. Law 13-292, § 302(b), 48 DCR 2087; Apr. 4, 2006, D.C. Law 16-79, § 5(p), 53 DCR 1035.)

Effect of Amendments

D.C. Law 16-79 added par. (3A).

Editor's Notes

Uniform Law: This section is based upon § 201 of the Uniform Nonprobate Transfers on Death Act (1991 Act).


§ 19–602.02. Limitation on scope of subchapter.

This subchapter does not apply to:

(1) An account established for a partnership, joint venture, or other organization for a business purpose;

(2) An account controlled by one or more persons as an agent or trustee for a corporation, unincorporated association, or charitable or civic organization; or

(3) A fiduciary or trust account in which the relationship is established other than by the terms of the account.


(Apr. 27, 2001, D.C. Law 13-292, § 302(b), 48 DCR 2087.)

Editor's Notes

Uniform Law: This section is based upon § 202 of the Uniform Nonprobate Transfers on Death Act (1991 Act).


§ 19–602.03. Types of account; existing accounts.

(a) An account may be for a single party or multiple parties. A multiple-party account may be with or without a right of survivorship between the parties. Subject to section § 19-602.12(c), either a single-party account or a multiple-party account may have a POD designation, an agency designation, or both.

(b) An account established before, on, or after the effective date of this chapter [April 27, 2001], whether in the form prescribed in section 19-602.04 or in any other form, is either a single-party account or a multiple-party account, with or without right of survivorship, and with or without a POD designation or an agency designation, within the meaning of this subchapter, and is governed by this subchapter.


(Apr. 27, 2001, D.C. Law 13-292, § 302(b), 48 DCR 2087.)

Editor's Notes

Uniform Law: This section is based upon § 203 of the Uniform Nonprobate Transfers on Death Act (1991 Act).


§ 19–602.04. Forms.

(a) A contract of deposit that contains provisions in substantially the following form establishes the type of account provided, and the account is governed by the provisions of this subchapter applicable to an account of that type:

“UNIFORM SINGLE-OR MULTIPLE-PARTY ACCOUNT FORM

“PARTIES [Name one or more parties]: ________________

“OWNERSHIP [Select one and initial]:

“________ SINGLE-PARTY ACCOUNT

“________ MULTIPLE-PARTY ACCOUNT

“Parties own account in proportion to net contributions unless there is clear and convincing evidence of a different intent.

“RIGHTS AT DEATH [Select one and initial]:

“________ SINGLE-PARTY ACCOUNT

“At death of party, ownership passes as part of party’s estate.

“________ SINGLE-PARTY ACCOUNT WITH POD (PAY ON DEATH) DESIGNATION

“[Name one or more beneficiaries]:

“At death of party, ownership passes to POD beneficiaries and is not part of party’s estate.

“________ MULTIPLE-PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP

“At death of party, ownership passes to surviving parties.

“________ MULTIPLE-PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP AND POD (PAY ON DEATH) DESIGNATION

“[Name one or more beneficiaries]: ________________

“At death of last surviving party, ownership passes to POD beneficiaries and is not part of last surviving party’s estate.

“________ MULTIPLE-PARTY ACCOUNT WITHOUT RIGHT OF SURVIVORSHIP

“At death of party, deceased party’s ownership passes as part of deceased party’s estate. AGENCY (POWER OF ATTORNEY) DESIGNATION [Optional]

“Agents may make account transactions for parties but have no ownership or rights at death unless named as POD beneficiaries.

“[To add agency designation to account, name one or more agents]:

“________________

“[Select one and initial]:

“________ AGENCY DESIGNATION SURVIVES DISABILITY OR INCAPACITY OF PARTIES

“________ AGENCY DESIGNATION TERMINATES ON DISABILITY OR INCAPACITY OF PARTIES”

(b) A contract of deposit that does not contain provisions in substantially the form provided in subsection (a) of this section is governed by the provisions of this subchapter applicable to the type of account that most nearly conforms to the depositor’s intent.


(Apr. 27, 2001, D.C. Law 13-292, § 302(b), 48 DCR 2087.)

Section References

This section is referenced in § 19-602.03.

Editor's Notes

Uniform Law: This section is based upon § 204 of the Uniform Nonprobate Transfers on Death Act (1991 Act).


§ 19–602.05. Designation of agent.

(a) By a writing signed by all parties, the parties may designate as agent of all parties on an account a person other than a party.

(b) Unless the terms of an agency designation provide that the authority of the agent terminates on disability or incapacity of a party, the agent’s authority survives disability and incapacity. The agent may act for an incapacitated party or a party with a disability until the authority of the agent is terminated.

(c) Death of the sole party or last surviving party terminates the authority of an agent.


(Apr. 27, 2001, D.C. Law 13-292, § 302(b), 48 DCR 2087; Apr. 24, 2007, D.C. Law 16-305, § 33(a), 53 DCR 6198.)

Effect of Amendments

D.C. Law 16-305, in subsec. (b), substituted “an incapacitated party or a party with a disability” for “a disabled or incapacitated party”.

Editor's Notes

Uniform Law: This section is based upon § 205 of the Uniform Nonprobate Transfers on Death Act (1991 Act).


§ 19–602.06. Applicability of subchapter.

The provisions of part B concerning beneficial ownership as between parties or as between parties and beneficiaries apply only to controversies between those persons and their creditors and other successors, and do not apply to the right of those persons to payment as determined by the terms of the account. Part C governs the liability and set-off rights of financial institutions that make payments pursuant to it.


(Apr. 27, 2001, D.C. Law 13-292, § 302(b), 48 DCR 2087.)

Editor's Notes

Uniform Law: This section is based upon § 206 of the Uniform Nonprobate Transfers on Death Act (1991 Act).