California · Probate Code
PROB §5306: For the purposes of this chapter, if an account is expressly described in the deposit agreement as a “tenancy in common” account, no right of survivorship arises from the terms of the account or under
What this law says, in plain English
A deposit account explicitly labeled as 'tenancy in common' does not create survivorship rights under the account terms or law.
Read the full statutory text
For the purposes of this chapter, if an account is expressly described in the deposit agreement as a “tenancy in common” account, no right of survivorship arises from the terms of the account or under Section 5302 unless the terms of the account or deposit agreement expressly provide for survivorship.
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