California § 5304. 5304. (Enacted by Stats. 1990, Ch. 79.)

California Statutes

§ 5304. — 5304. (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. 3. CHAPTER 3. Ownership Between Parties and Their Creditors and Successors

Any transfers resulting from the application of Section 5302 are effective by reason of the account contracts involved and this part and are not to be considered as testamentary. The right under this part of a surviving party to a joint account, or of a beneficiary, or of a P.O.D. payee, to the sums on deposit on the death of a party to a multiple-party account shall not be denied, abridged, or affected because such right has not been created by a writing executed in accordance with the laws of this state prescribing the requirements to effect a valid testamentary disposition of property.

Free access — add to your briefcase to read the full text and ask questions with AI

Any transfers resulting from the application of Section 5302 are effective by reason of the account contracts involved and this part and are not to be considered as testamentary. The right under this part of a surviving party to a joint account, or of a beneficiary, or of a P.O.D. payee, to the sums on deposit on the death of a party to a multiple-party account shall not be denied, abridged, or affected because such right has not been created by a writing executed in accordance with the laws of this state prescribing the requirements to effect a valid testamentary disposition of property.

California § 5304. (5304. (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.

View on official source ↗