2025 Session
Last amended: 1994 session
§ 524.6-214 — Citation
Plain-Language Summary
This section addresses the effect of divorce on multiple-person accounts, revoking the former spouse's rights in certain circumstances.
524.6-214 CITATION.
Sections 524.6-201 to 524.6-214 may be cited as the “Minnesota Multiparty Accounts Act.”
History:
1973 c 619 s 1; 1987 c 384 art 2 s 1; 1994 c 472 s 63
History: History: 1973 c 619 s 1; 1987 c 384 art 2 s 1; 1994 c 472 s 63
Practical Notes
Divorce may affect the rights of a former spouse to receive funds from joint or POD accounts. Similar to the effect on wills, divorce can revoke the former spouse’s beneficiary status.