California Law (Last Updated: March 4, 2014) |
Probate Code - PROB |
Division 5. NONPROBATE TRANSFERS |
Part 2. MULTIPLE-PARTY ACCOUNTS |
Chapter 1. Short Title and Definitions |
ARTICLE 2. Definitions |
Section 5148.
Latest version.
-
"Request" means a proper request for withdrawal, including a check or order for payment, that complies with all conditions of the account (including special requirements concerning necessary signatures) and regulations of the financial institution; but, if the financial institution conditions withdrawal or payment on advance notice, for purposes of this part the request for withdrawal or payment is treated as immediately effective and a notice of intent to withdraw is treated as a request for withdrawal.
(Enacted by Stats. 1990, Ch. 79.)