About the OfficeRemittance of deposits of money to account co-holders who are spouses or former spouses

The Act respecting remittance of deposits of money to account co-holders who are spouses or former spouses aims to provide quick access to liquidities after one of the 2 account co-holders has died. To do so, the Act:

• compels financial institutions to remit, upon written request, to the surviving co-holder and the liquidator of the succession of the deceased co-holder, their share of the account balance. This share is 50% of the account balance, unless a written statement specifies a different distribution;
• provides for the possibility of the account co-holders to declare and amend their respective share of the account balance at any time.

Stages in the consideration of the Bill at the National Assembly

This Act is a result of the family law reform led by the Minister of Justice, Mr. Simon Jolin Barrette, more specifically section 346 of Bill 2, An Act respecting family law reform with regard to filiation and amending the Civil Code in relation to personality rights and civil status.

Stages in the consideration of Bill 2