When a deposit is made in the name of two or more persons, deliverable or payable to either or to their survivor or survivors, such deposit or any part thereof, or increase thereof, may be delivered or paid to either of said persons or to the survivor or survivors in due course of business.
Cal. Civ. Code § 1828
Obligations of the Depositary
Applied in 2 court decisions — leading case Tobola v. Wholet (1946)
Most recently applied in 238 Cal. App. 2d 521 - Christen v. Schuert (December 1965)
Added by Stats. 1907, Ch. 75.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.