§ 6851
85 words·~1 min read·
/ca/financial-code/6851A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The withdrawal value of a fiduciary account, and interest on it, or other rights relating to it, may be paid or delivered, in whole or in part, to the fiduciary without regard to any notice to the contrary as long as the fiduciary is living.
(b)The payment or delivery to the fiduciary or a receipt or acquittance signed by a fiduciary to whom payment or delivery of rights is made shall be a sufficient release of an association for the payment or delivery.