California Statutes
§ 5122. — 5122. (Enacted by Stats. 1990, Ch. 79.)
California·Code PROB Probate Code - PROB·Div. 5. DIVISION 5. NONPROBATE TRANSFERS·Part 2. PART 2. MULTIPLE-PARTY ACCOUNTS·Ch. 1. CHAPTER 1. Short Title and Definitions·Art. 2. ARTICLE 2. Definitions
(a)“Account” means a contract of deposit of funds between a depositor and a financial institution, and includes a checking account, savings account, certificate of deposit, share account, and other like arrangement.
(b)“Account” does not include:
(1)An account established for deposit of funds of a partnership, joint venture, or other association for business purposes.
(2)An account controlled by one or more persons as the duly authorized agent or trustee for a corporation, unincorporated association, or charitable or civic organization.
(3)A regular fiduciary or trust account where the relationship is established other than by deposit agreement.
(4)An account established for the deposit of funds of the estate of a ward, conservatee, or decedent.
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California § 5122. (5122. (Enacted by Stats. 1990, Ch. 79.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Stats. 1990, Ch. 79.