DIVISION 1.1. BANKING 1000-1910›CHAPTER 12. Deposits 1400-1440›ARTICLE 1. Depositors 1400-1411

§ 1401

California Financial Code · 2018-11 edition · updated 2026-10-04 · California

A bank account by or in the name of a married person shall be held for the exclusive right and benefit of the person, shall be free from the control or lien of any other person except a creditor, and shall be paid to the person or to the order of the person, and payment so made is a valid and sufficient release and discharge to the bank for the deposit or any part thereof.

(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)

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California Financial Code

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