A “multiple-party account” is any of the following types of account:
(a) A joint account.
(b) A P.O.D. account.
(c) A Totten trust account.
Cal. Prob. Code § 5132
Definitions
Known as the California Multiple-Party Accounts Law
The act spans §§ 5100–5407 (38 sections).
Applied in 2 court decisions — leading case Estate of Castiglioni (1995)
Most recently applied in 224 Cal. Rptr. 3d 243 - Estate of O'Connor v. O'Connor (October 2017)
Enacted by Stats. 1990, Ch. 79.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.