California Probate Code

§ 5003

PROB § 5003 Effective Jan 1, 2002Div. 5 · Part 1 · Ch. 1

Statute text

(a)A holder of property under an instrument of a type described in Section 5000 may transfer the property in compliance with a provision for a nonprobate transfer on death that satisfies the terms of the instrument, whether or not the transfer is consistent with the beneficial ownership of the property as between the person who executed the provision for transfer of the property and other persons having an interest in the property or their successors, and whether or not the transfer is consistent with the rights of the person named as beneficiary.

(b)Except as provided in this subdivision, no notice or other information shown to have been available to the holder of the property affects the right of the holder to the protection provided by subdivision (a). The protection provided by subdivision (a) does not extend to a transfer made after either of the following events:

(1)The holder of the property has been served with a contrary court order.

…

Legislative history

Amended by Stats. 2001, Ch. 417, Sec. 7. Effective January 1, 2002.