California · Probate Code

PROB §5406: The provisions of this chapter that apply to the payment of a Totten trust account apply to an account in the name of one or more parties as trustee for one or more other persons if the financial inst

What this law says, in plain English

This statute applies rules about Totten trust account payments to accounts held in a trustee's name for other persons at financial institutions.

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The provisions of this chapter that apply to the payment of a Totten trust account apply to an account in the name of one or more parties as trustee for one or more other persons if the financial institution has no other or further notice in writing that the account is not a Totten trust account as defined in Section 80.

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