Section 5122 Of Article 2. Definitions From California Probate Code >> Division 5. >> Part 2. >> Chapter 1. >> Article 2.
5122
. (a) "Account" means a contract of deposit of funds between a
depositor and a financial institution, and includes a checking
account, savings account, certificate of deposit, share account, and
other like arrangement.
(b) "Account" does not include:
(1) An account established for deposit of funds of a partnership,
joint venture, or other association for business purposes.
(2) An account controlled by one or more persons as the duly
authorized agent or trustee for a corporation, unincorporated
association, or charitable or civic organization.
(3) A regular fiduciary or trust account where the relationship is
established other than by deposit agreement.
(4) An account established for the deposit of funds of the estate
of a ward, conservatee, or decedent.