Any transfers resulting from the application of Section 62-6-104 are effective by reason of the account contracts involved and this statute and are not to be considered as testamentary or subject to Articles 1 through 4 [Sections 62-1-101 thru 62-4-101 et seq.] except as a consequence of, and to the extent directed by, Section 62-6-107.

HISTORY: 1986 Act No. 539, Section 1.