Section 5306.

  1. Law
  2. California Code
  3. Code - PROB
  4. 5 - NONPROBATE TRANSFERS
  5. 2 - MULTIPLE-PARTY ACCOUNTS
  6. 3 - Ownership Between Parties and Their Creditors and Successors
  7. Section 5306.

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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.)


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