California Probate Code 5126 – “Beneficiary” means a person named in a Totten trust account as one …
Current as of: 2024 | Check for updates
|
Other versions
“Beneficiary” means a person named in a Totten trust account as one for whom a party to the account is named as trustee.
(Enacted by Stats. 1990, Ch. 79.)
Terms Used In California Probate Code 5126
- Person: means an individual, corporation, government or governmental subdivision or agency, business trust, estate, trust, partnership, limited liability company, association, or other entity. See California Probate Code 56
- Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC