Section 5201 Of Chapter 2. General Provisions From California Probate Code >> Division 5. >> Part 2. >> Chapter 2.
5201
. (a) The provisions of Chapter 3 (commencing with Section
5301) concerning beneficial ownership as between parties, or as
between parties and P.O.D. payees or beneficiaries of multiple-party
accounts, are relevant only to controversies between these persons
and their creditors and other successors, and have no bearing on the
power of withdrawal of these persons as determined by the terms of
account contracts.
(b) The provisions of Chapter 4 (commencing with Section 5401)
govern the liability of financial institutions who make payments
pursuant to that chapter.