(a) âAccountâ means a contract of deposit of funds between a depositor and a financial institution, and includes a checking account, savings account, certificate of deposit, share account, and other like arrangement. (b) âAccountâ does not include: (1) An account established for deposit of funds of a partnership, joint venture, or other association for business purposes. (2) An account controlled by one or more persons as the duly authorized agent or trustee for a corporation, unincorporated association, or charitable or civic organization. (3) A regular fiduciary or trust account where the relationship is established other than by deposit agreement. (4) An account established for the deposit of funds of the estate of a ward, conservatee, or decedent.
‹ Prev All California sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.