California · Probate Code
PROB §5122: (a) “Account” means a contract of deposit of funds between a depositor and a financial institution, and includes a checking account, savings account, certificate of deposit, share account, and other l
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(a) “Account” means a contract of deposit of funds between a depositor and a financial institution, and includes a checking account, savings account, certificate of deposit, share account, and other like arrangement. (b) “Account” does not include: (1) An account established for deposit of funds of a partnership, joint venture, or other association for business purposes. (2) An account controlled by one or more persons as the duly authorized agent or trustee for a corporation, unincorporated association, or charitable or civic organization. (3) A regular fiduciary or trust account where the relationship is established other than by deposit agreement. (4) An account established for the deposit of funds of the estate of a ward, conservatee, or decedent.
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