A “multiple-party account” is any of the following types of account:

(a) A joint account.

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Terms Used In California Probate Code 5132

  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC

(b) A P.O.D. account.

(c) A Totten trust account.

(Enacted by Stats. 1990, Ch. 79.)