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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

§ 5138

California Probate Code · 2020-11 edition · updated 2026-10-04 · California

“Payment” of sums on deposit includes all of the following:

(a) A withdrawal, including payment on check or other directive of a party.

(b) A pledge of sums of deposit.

(c) A setoff, reduction, or other disposition of all or part of an account pursuant to a pledge.

(Enacted by Stats. 1990, Ch. 79.)

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California Probate Code

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