No association paying any fiduciary, beneficiary, or designated person in accordance with this article or the California Multiple-Party Accounts Law contained in 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 § 6855
Accounts of Administrators, Executors, Guardians, Custodians, Trustees, and Other Fiduciaries
Known as the Savings Association Law
The act spans §§ 5000–10009 (387 sections).
Amended by Stats. 1990, Ch. 79, Sec. 8
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.