Section 6851 Of Article 7. Accounts Of Administrators, Executors, Guardians, Custodians, Trustees, And Other Fiduciaries From California Financial Code >> Division 2. >> Chapter 5. >> Article 7.
6851
. (a) The withdrawal value of a fiduciary account, and interest
on it, or other rights relating to it, may be paid or delivered, in
whole or in part, to the fiduciary without regard to any notice to
the contrary as long as the fiduciary is living.
(b) The payment or delivery to the fiduciary or a receipt or
acquittance signed by a fiduciary to whom payment or delivery of
rights is made shall be a sufficient release of an association for
the payment or delivery.