(a) For purposes of this section: (1) âFederal associationâ is defined in Section 5102 of the Financial Code. (2) âMutual capital certificateâ is defined in Section 5111 of the Financial Code. (3) âSavings accountâ is defined in Section 5116 of the Financial Code. (4) âSavings associationâ is defined in Section 5102 of the Financial Code. (5) âWithdrawal valueâ is defined in Section 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 (c) Notwithstanding Section 10200, credit union share accounts and certificates for funds may be sold or withdrawn by the personal representative, and title thereto passed, without notice of sale, prior order of court, or subsequent confirmation by the court, if an amount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.
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