California · Probate Code

PROB §23: (a) “Account in an insured savings and loan association” means a savings account or mutual capital certificate of either of the following: (1) A federal association.

What this law says, in plain English

This statute defines the term 'account in an insured savings and loan association' as a savings account or mutual capital certificate held at a federal association.

Read the full statutory text

(a) “Account in an insured savings and loan association” means a savings account or mutual capital certificate of either of the following: (1) A federal association. (2) A savings association doing business in this state which is an “insured institution” as defined in Title IV of the National Housing Act (12 U.S.C. Sec. 1724, et seq.). (b) As used in this section: (1) “Federal association” has the meaning given that term in subdivision (b) of Section 5102 of the Financial Code. (2) “Mutual capital certificate” has the meaning given that term in Section 5111 of the Financial Code. (3) “Savings account” has the meaning given that term in Section 5116 of the Financial Code. (4) “Savings association” has the meaning given that term in subdivision (a) of Section 5102 of the Financial Code.

Verify at the official source: California legislative text

Facing this? Know exactly what happens next.

MOFRD turns this code section into your situation: the deadlines that apply to you, the forms your county uses, and the resolution paths people in your position actually take. Free for 3 days — no card required.

Start your matter free Ask Law Link about this code

This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.