No association or federal association paying any survivor in accordance with Part 2 (commencing with Section 5100) of Division 5 of the Probate Code shall, because of the payment, be liable for any estate, inheritance, or succession taxes that may be due this state.
Cal. Fin. Code § 6804
Multiple-Party Accounts
Known as the Savings Association Law
The act spans §§ 5000–10009 (387 sections).
Amended by Stats. 1990, Ch. 79, Sec. 7
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.