GroundRules
PROB § 5122
Where this section sits in the code
- Probate Code - PROB
- DIVISION 5. NONPROBATE TRANSFERS [5000. - 5705.]
- PART 2. MULTIPLE-PARTY ACCOUNTS [5100. - 5407.]
- CHAPTER 1. Short Title and Definitions [5100. - 5152.]
- ARTICLE 2. Definitions [5120. - 5152.]
(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.
Collected 2026-09-14T05:56:33Z. Source file · JSON