California · Financial Code

FIN §14868: (a) As used in this section: (1) “Beneficiary” has the meaning given that term in Section 5126 of the Probate Code.

What this law says, in plain English

This section defines 'beneficiary' by cross-reference to Section 5126 of the Probate Code, establishing the term's meaning for purposes of this statute.

Read the full statutory text
(a) As used in this section: (1) “Beneficiary” has the meaning given that term in Section 5126 of the Probate Code. (2) “Totten trust account” has the meaning given that term in Section 80 of the Probate Code. (b) In the case of a Totten trust account, the deposit agreement shall indicate the current address of each beneficiary.

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