Probate Code section 5150

“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.

Source: Section 5150, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PROB§ionNum=5150. (updated Jan. 1, 1990; accessed Jun. 26, 2026).

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Up to date

Verified:
Jun. 26, 2026

§ 5150's source at ca.gov

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Location: https://california.public.law/codes/probate_code_section_5150

Original Source: Section 5150, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PROB§ionNum=5150. (last accessed May 12, 2025).