CHAPTER 4. Protection of Financial Institution

Chapter 4 enacted by Stats. 1990, Ch. 79.

§§ 5401–5407 · 7 sections

• § 5401 (a) Financial institutions may enter into multiple-party accounts to the same extent that they may enter into single-party accounts. Any multiple-party account…
• § 5402 Any sums in a joint account may be paid, on request and according to its terms, to any party without regard to whether any other party is incapacitated or…
• § 5403 Any P.O.D. account may be paid, on request and according to its terms, to any original party to the account. Payment may be made, on request, to the P. O.D.…
• § 5404 Any Totten trust account may be paid, on request and according to its terms, to any trustee. Unless the financial institution has received written notice that…
• § 5405 (a) Payment made pursuant to Section 5401, 5402, 5403, or 5404 discharges the financial institution from all claims for amounts so paid whether or not the…
• § 5406 The provisions of this chapter that apply to the payment of a Totten trust account apply to an account in the name of one or more parties as trustee for one or…
• § 5407 If a financial institution is required or permitted to make payment pursuant to this chapter to a person who is a minor: (a) If the minor is a party to a…