California Probate Code 10201 – (a) For purposes of this section:(1) “Federal association” …
(a) For purposes of this section:
(1) “Federal association” is defined in § 5102 of the Financial Code.
Terms Used In California Probate Code 10201
- Federal association: has the meaning given that term in subdivision (b) of §. See California Probate Code 23
- Mutual capital certificate: has the meaning given that term in §. See California Probate Code 23
- Personal representative: means executor, administrator, administrator with the will annexed, special administrator, successor personal representative, public administrator acting pursuant to Section 7660, or a person who performs substantially the same function under the law of another jurisdiction governing the person's status. See California Probate Code 58
- Savings account: has the meaning given that term in §. See California Probate Code 23
- Savings association: has the meaning given that term in subdivision (a) of §. See California Probate Code 23
(2) “Mutual capital certificate” is defined in § 5111 of the Financial Code.
(3) “Savings account” is defined in § 5116 of the Financial Code.
(4) “Savings association” is defined in § 5102 of the Financial Code.
(5) “Withdrawal value” is defined in § 5124 of the Financial Code.
(b) Notwithstanding Section 10200, savings accounts and mutual capital certificates of a savings association or federal association may be sold or surrendered for withdrawal by the personal representative, and title thereto passed, without notice of sale, prior order of court, or subsequent confirmation by the court, if an amount of money is obtained upon the sale or withdrawal not less than the withdrawal value of the savings account or the value of the mutual capital certificate.
(c) Notwithstanding Section 10200, credit union share accounts and certificates for funds may be sold or withdrawn by the personal representative, and title thereto passed, without notice of sale, prior order of court, or subsequent confirmation by the court, if an amount of money is obtained upon the sale or withdrawal not less than the withdrawal value of the share account or the value of the certificate for funds.
(Enacted by Stats. 1990, Ch. 79.)