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
§ 5122
California Probate Code · 2018-11 edition · updated 2026-10-04 · California
(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.
(Enacted by Stats. 1990, Ch. 79.)
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