There is a newer version of the California Code
2011 California Code
Probate Code
DIVISION 5. NONPROBATE TRANSFERS [5000 - 5705]
CHAPTER 4. Protection of Financial Institution
Section 5406
CA Prob Code § 5406 (through 2012 Leg Sess) What's This?
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.
(Enacted by Stats. 1990, Ch. 79.)
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