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California Probate Code

§ 5150

PROB § 5150Div. 5 · Part 2 · Ch. 1 · Art. 2
“Sums on deposit” means both of the following:
(a)The balance payable on an account, including interest and dividends earned, whether or not included in the current balance.
(b)Any life insurance proceeds added to the account by reason of the death of a party.

Legislative history

Enacted by Stats. 1990, Ch. 79.

Source: California Probate Code § 5150 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.