{"data":{"id":"us-ca/prob-5303","jurisdiction":"us-ca","citation":"PROB § 5303","heading":"","body":"(a) The provisions of Section 5302 as to rights of survivorship are determined by the form of the account at the death of a party.\n(b) Once established, the terms of a multiple-party account can be changed only by any of the following methods:\n(1) Closing the account and reopening it under different terms.\n(2) Presenting to the financial institution a modification agreement that is signed by all parties with a present right of withdrawal. If the financial institution has a form for this purpose, it may require use of the form.\n(3) If the provisions of the terms of the account or deposit agreement provide a method of modification of the terms of the account, complying with those provisions.\n(4) As provided in subdivision (c) of Section 5405.\n(c) During the lifetime of a party, the terms of the account may be changed as provided in subdivision (b) to eliminate or to add rights of survivorship. Withdrawal of funds from the account by a party also eliminates rights of survivorship with respect to the funds withdrawn to the extent of the withdrawing party’s net contribution to the account.","path":["Probate Code - PROB","DIVISION 5. NONPROBATE TRANSFERS [5000. - 5705.]","PART 2. MULTIPLE-PARTY ACCOUNTS [5100. - 5407.]","CHAPTER 3. Ownership Between Parties and Their Creditors and Successors [5301. - 5307.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"691f4f823af1168d26a0ffea97cc752d8084d5b6a86c4a990c9cdbf11bad4d2f","source_id":"us-ca","stale":false,"prev":"us-ca/prob-5302","next":"us-ca/prob-5304"},"notice":"GroundRules: Original legal text. Not legal advice."}