Code Section

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 4. Protection of Financial Institution [5401 - 5407]
  ( Chapter 4 enacted by Stats. 1990, Ch. 79. )

  
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 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.)