Probate Code - PROB
DIVISION 5. NONPROBATE TRANSFERS [5000 - 5705]
( Division 5 enacted by Stats. 1990, Ch. 79. ) PART 2. MULTIPLE-PARTY ACCOUNTS [5100 - 5407]
( Part 2 enacted by Stats. 1990, Ch. 79. ) CHAPTER 3. Ownership Between Parties and Their Creditors and Successors [5301 - 5307]
( Chapter 3 enacted by Stats. 1990, Ch. 79. ) 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 Section 5302 unless the terms of the account or deposit agreement expressly provide for survivorship.
(Enacted by Stats. 1990, Ch. 79.)