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California Code, Probate Code - PROB § 5122

Current as of January 01, 2025 | Updated by Findlaw Staff

(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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Cite this article: FindLaw.com - California Code, Probate Code - PROB § 5122 - last updated January 01, 2025 | https://codes.findlaw.com/ca/probate-code/prob-sect-5122/

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