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Banking

May 14, 2004

What's Yours Is Mine, in Joint Bank Accounts, 'Lee' Decides

Focus Column - Corporate Law - By Ronald S. Granberg - Al and Bob open a joint-tenancy bank account together: Al deposits $90,000 and Bob deposits $10,000. They make no express agreement regarding ownership of the money. If either account holder dies, the other owns the entire $100,000 by right of survivorship.

        Focus Column
        
        Corporate Law
        
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