32-8-316. Sale or trade of deposit accounts prohibited -- transfers allowed. (1) The legislature does not intend to create or facilitate the creation of a secondary market for depository accounts. Therefore, except for the condition set forth in subsection (2), the sale or trade of a deposit account by a depository is prohibited.
     (2) A depository may permit the legal transfer of a deposit account from a customer to the customer's heir, spouse, or designated next of kin for the purposes of estate preservation and maintenance.

     History: En. Sec. 24, Ch. 382, L. 1997.