N.D. Cent. Code § 30.1-31-05 (2025) – (6-204) Forms

30.1-31-05. (6-204) Forms.

1. 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 sections 30.1-31-02 through 30.1-31-20 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 P.O.D. (PAY ON DEATH)

DESIGNATION

[name one or more beneficiaries]:

At death of party, ownership passes to P.O.D. 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 P.O.D. (PAY ON DEATH) DESIGNATION

[name one or more beneficiaries]:

At death of last surviving party, ownership passes to P.O.D. 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 P.O.D. 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

2. A contract of deposit that does not contain provisions in substantially the form provided in subsection 1 is governed by sections 30.1-31-02 through 30.1-31-20 applicable to the type of account that most nearly conforms to the depositor's intent.