California Code
DIVISION 5 - NONPROBATE TRANSFERS
PART 2 - MULTIPLE-PARTY ACCOUNTS

CHAPTER 1 - Short Title and Definitions

ARTICLE 1 - Short Title

Section 5100. - 5100. This part may be cited as the California Multiple-Party...

ARTICLE 2 - Definitions

Section 5120. - 5120. Unless the provision or context otherwise requires, the definitions...

Section 5122. - 5122. (a) “Account” means a contract of deposit of funds...

Section 5124. - 5124. “Agent” means a person who has a present right,...

Section 5126. - 5126. “Beneficiary” means a person named in a Totten trust...

Section 5128. - 5128. “Financial institution” includes: (a) A financial institution as defined...

Section 5130. - 5130. “Joint account” means an account payable on request to...

Section 5132. - 5132. A “multiple-party account” is any of the following types...

Section 5134. - 5134. (a) “Net contribution” of a party to an account...

Section 5136. - 5136. (a) “Party” means a person who, by the terms...

Section 5138. - 5138. “Payment” of sums on deposit includes all of the...

Section 5139. - 5139. “P.O.D.” means pay on death. (Enacted by Stats. 1990,...

Section 5140. - 5140. “P.O.D. account” means any of the following: (a) An...

Section 5142. - 5142. “P.O.D. payee” means a person designated on a P.O.D....

Section 5144. - 5144. “Proof of death” includes any of the following: (a)...

Section 5146. - 5146. Except to the extent the terms of the account...

Section 5148. - 5148. “Request” means a proper request for withdrawal, including a...

Section 5150. - 5150. “Sums on deposit” means both of the following: (a)...

Section 5152. - 5152. “Withdrawal” includes payment to a third person pursuant to...

CHAPTER 2 - General Provisions

Section 5201. - 5201. (a) The provisions of Chapter 3 (commencing with Section...

Section 5202. - 5202. Nothing in this part affects the law relating to...

Section 5203. - 5203. (a) Words in substantially the following form in a...

Section 5204. - 5204. (a) In addition to a power of attorney otherwise...

Section 5205. - 5205. This part applies to accounts in existence on July...

CHAPTER 3 - Ownership Between Parties and Their Creditors and Successors

Section 5301. - 5301. (a) An account belongs, during the lifetime of all...

Section 5302. - 5302. Subject to Section 5040: (a) Sums remaining on deposit...

Section 5303. - 5303. (a) The provisions of Section 5302 as to rights...

Section 5304. - 5304. Any transfers resulting from the application of Section 5302...

Section 5305. - 5305. (a) Notwithstanding Sections 5301 to 5303, inclusive, if parties...

Section 5306. - 5306. For the purposes of this chapter, if an account...

Section 5307. - 5307. For the purposes of this chapter, except to the...

CHAPTER 4 - Protection of Financial Institution

Section 5401. - 5401. (a) Financial institutions may enter into multiple-party accounts to...

Section 5402. - 5402. Any sums in a joint account may be paid,...

Section 5403. - 5403. Any P.O.D. account may be paid, on request and...

Section 5404. - 5404. Any Totten trust account may be paid, on request...

Section 5405. - 5405. (a) Payment made pursuant to Section 5401, 5402, 5403,...

Section 5406. - 5406. The provisions of this chapter that apply to the...

Section 5407. - 5407. If a financial institution is required or permitted to...