California Financial Code

§ 6900

FIN § 6900Div. 2 · Ch. 5 · Art. 8

Statute text

If an association or federal association has received no written notice and is not on actual notice that the savings account holder has been adjudicated incompetent, it may pay or deliver funds to the account holder in accordance with the provisions of the savings account contract, and the receipt or acquittance of the holder shall be a sufficient release of that association or federal association for the payment or delivery.

Legislative history

Amended by Stats. 1984, Ch. 958, Sec. 11.