§ 17-504. Authorized accounts

Latest version.

   Unless the owner and beneficial owner give written instructions to the contrary, a real estate broker may deposit trust money in:

   (1) a noninterest bearing checking account;

   (2) a noninterest bearing savings account; or

   (3) any combination of these accounts.

HISTORY: An. Code 1957, art. 56A, § 4-504; 1989, ch. 3, § 1; ch. 597; 1994, ch. 3, § 13; 1995, ch. 58, § 2.

                    
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