§ 1401 Married Person Bank Accounts

• •The account is owned only by the married person named on it.
• •No one else, including a spouse, can control or put a lien on the account.
• •Only a creditor with a valid claim can affect the account.

John, who is married, has a checking account. His wife, Mary, tries to take money from the account without his permission.

Because of this law, Mary can't touch the money. Only John can use the account, unless a creditor (like a bank that gave John a loan) has a legal claim on it.