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California Probate Code

§ 5201

PROB § 5201Div. 5 · Part 2 · Ch. 2

Statute text

View on leginfo.ca.gov
(a)The provisions of Chapter 3 (commencing with Section 5301) concerning beneficial ownership as between parties, or as between parties and P.O.D. payees or beneficiaries of multiple-party accounts, are relevant only to controversies between these persons and their creditors and other successors, and have no bearing on the power of withdrawal of these persons as determined by the terms of account contracts.
(b)The provisions of Chapter 4 (commencing with Section 5401) govern the liability of financial institutions who make payments pursuant to that chapter.

Legislative history

Enacted by Stats. 1990, Ch. 79.

Source: California Probate Code § 5201 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.