California Law (Last Updated: March 4, 2014) |
Probate Code - PROB |
Division 5. NONPROBATE TRANSFERS |
Part 2. MULTIPLE-PARTY ACCOUNTS |
Chapter 4. Protection of Financial Institution |
Section 5406.
Latest version.
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The provisions of this chapter that apply to the payment of a Totten trust account apply to an account in the name of one or more parties as trustee for one or more other persons if the financial institution has no other or further notice in writing that the account is not a Totten trust account as defined in Section 80.
(Enacted by Stats. 1990, Ch. 79.)