An Act To Help Prevent Financial Elder Abuse
Maine Legislature, Session 128, LD 0968
Committee Amendment CA_A_H599 (House)
Amends: 18-A MRSA §6

COMMITTEE AMENDMENT ·A" to H.P. 681, L.D. 968, Bill, "An Act To Help 
Prevent Financial Elder Abuse" 
Amend the bill by striking out everything after the enacting clause and before the 
summary and inserting the following: 
1Sec. 1. 9-B MR.SA §427, sub-§13, as enacted by PL 1979, c. 540, §13-A, is 
amended to read: 
13. 
Notice on opening certain accounts. A signature card or other document 
establishing a multiple-party account, as defined in Title 18-A, section 6-101, shall must 
contain a clear and conspicuous printed notice to the depositor that on hls the depositor's 
death the balance in the accOlmt will belong to the surviving party. 
At the time a 
multiple-party account is established or at the time a single-party account is converted to 
a multiple-party account with a financial institution, the document establishing the 
account or adding another party must include for each party to the account the question, 
11Do you intend for the sum remaining upon your death to belong to the surviving party or 
parties? Yes or No.
The question required by this subsection must be answered in 
writing on the form by each party to the account prior to opening the account. The answer 
provided on the form required by this subsection does not have any effect on any legal 
presumption or inference available in any civil or criminal matter. 
Sec. 2. 18-A MRSA §6-105, as enacted by PL 1979, c. 540, §1, is amended to 
read: 
§6-105. Effect of written notice to financialinstitution 
The provisions of section 6-104 as to rights of survivorship are determined by the 
form of the account at the death of a party. This form may be altered by written order 
given by a party to the financial institution to change the form of the account or to stop or 
vary payment under the terms of the account. The order or request must be signed by a 
party, received by the financial institution during the party's lifetime, and not 
countermanded by other written order of the same party during hls the party's lifetime. 
COMMITTEE AMENDMENT 
COMMITTEE AMENDMENT/)" to H.P. 681, L.D. 968 
At the time a multiple-party account is established or at the time a single-party 
account is converted to a multiple-party account with a financial institution, the document 
creating the account or adding another party must include for each party to the account 
the question, "Do you intend for the sum remaining upon your death to belong to the 
surviving party or parties? Yes or No." The question required by this paragraph must be 
answered in writing on the form by each party to the account prior to opening the 
account. The answer provided on the form required by this paragraph does not have any 
effect on any legal presumption or inference available in any civil or criminal matter. 
Sec. 3. Application. The requirements of this Act apply to all multiple-party 
accounts established with a financial institution after January 1, 2019 and to all single-
party accounts changed to multiple-party accounts with a financial institution after 
January 1, 2019.' 
SUMMARY 
This amendment replaces the bill. The amendment retains the provisions of the bill. 
The amendment, however, moves the provisions to a more appropriate place in the Maine 
Revised Statutes, Title 9-B and adds language to clarify that answers provided on the 
form for opening a multiple-party account do not have any effect on any legal 
presumptions or inferences in any civil or criminal matter. 
The amendment clarifies that the provisions apply to multiple-party accounts 
established or to single-party accounts changed to multiple-party accounts after January 
1, 2019. 
COMMITTEE AMENDMENT