Shares may be issued in joint tenancy with the right of survivorship with any number of minors or adults and the records of the credit union describing such issuance shall be conclusive evidence of the intention of all parties to vest title to the account in the surviving joint tenants. Such shares shall be the property of the joint tenants. An adjudication of disability or incapacity or a joint tenant shall not sever the tenancy.

Shares held in the name of a husband and a wife shall be considered a joint tenancy and not a tenancy by the entirety, unless specified.

Payment of any or all shares releases the credit union with respect to those payments paid prior to notice by a joint tenant to refrain from paying the shares.

Credit unions paying a joint tenancy shall not be liable for estate or succession taxes.

Credit unions may require another to be a joint owner of a minor's account. Shares held in the name of a minor are subject to the credit union's lien. A credit union may pay funds to a conservator and thereby discharge it liability to the minor for the shares.

CHRIS HOGERTY