Payable-on-death share accounts; effect of transfer of account.

S.C. Code Ann. § 34-26-770
in effect
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Notwithstanding any other provision of law, a credit union may establish share and deposit accounts payable to one or more persons during their lifetimes and on the death of all of them to one or more payable-on-death payees. Any transfer to a payable-on-death payee is effective by reason of the account contract and shall not be considered to be a testamentary transfer.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t34c026.phpFetched: 10/17/2026

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S.C. Code Ann. § 34-26-770 — Payable-on-death share accounts; effect of transfer of account | Code of Laws of South Carolina (Aug. 2026 snapshot) | Corpus