There is a newer version of the California Code
2011 California Code
Probate Code
DIVISION 5. NONPROBATE TRANSFERS [5000 - 5705]
ARTICLE 2. Definitions
Section 5150
CA Prob Code § 5150 (through 2012 Leg Sess) What's This?
Sums on deposit means both of the following:
(a) The balance payable on an account, including interest and dividends earned, whether or not included in the current balance.
(b) Any life insurance proceeds added to the account by reason of the death of a party.
(Enacted by Stats. 1990, Ch. 79.)
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