California Probate Code

§ 5302

PROB § 5302 Effective Jan 1, 2016Div. 5 · Part 2 · Ch. 3

Statute text

Subject to Section 5040:

(a)Sums remaining on deposit at the death of a party to a joint account belong to the surviving party or parties as against the estate of the decedent unless there is clear and convincing evidence of a different intent. If there are two or more surviving parties, their respective ownerships during lifetime are in proportion to their previous ownership interests under Section 5301 augmented by an equal share for each survivor of any interest the decedent may have owned in the account immediately before the decedent’s death; and the right of survivorship continues between the surviving parties.

(b)If the account is a P.O.D. account:

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Legislative history

Amended by Stats. 2015, Ch. 293, Sec. 9. (AB 139) Effective January 1, 2016.