CHAPTER 3. Ownership Between Parties and Their Creditors and Successors

Chapter 3 enacted by Stats. 1990, Ch. 79.

§§ 5301–5307 · 7 sections

• § 5301 (a) An account belongs, during the lifetime of all parties, to the parties in proportion to the net contributions by each, unless there is clear and convincing…
• § 5302 Subject to Section 5040: (a) Sums remaining on deposit at the death of a party to a joint account belong to the surviving party or parties as against the…
• § 5303 (a) The provisions of Section 5302 as to rights of survivorship are determined by the form of the account at the death of a party. (b) Once established, the…
• § 5304 Any transfers resulting from the application of Section 5302 are effective by reason of the account contracts involved and this part and are not to be…
• § 5305 (a) Notwithstanding Sections 5301 to 5303, inclusive, if parties to an account are married to each other, whether or not they are so described in the deposit…
• § 5306 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…
• § 5307 For the purposes of this chapter, except to the extent the terms of the account or deposit agreement expressly provide otherwise, if the parties to an account…