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Marginalia
Code · California · Probate Code

§ 5122

117 words·~1 min read·/ca/probate-code/5122

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(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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