GroundRules
PROB § 5136
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) “Party” means a person who, by the terms of the account, has a present right, subject to request, to payment from a multiple-party account other than as an agent.
(b) A P.O.D. payee is a party, by reason of being a P.O.D. payee, only after the account becomes payable to the payee by reason of surviving all persons named as original payees.
(c) A beneficiary of a Totten trust account is a party, by reason of being a beneficiary, only after the account becomes payable to the beneficiary by reason of surviving all persons named as trustees.
Collected 2026-09-14T05:56:33Z. Source file · JSON