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
§ 5136
California Probate Code · 2020-11 edition · updated 2026-10-04 · California
(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.
(Enacted by Stats. 1990, Ch. 79.)
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