Skip to Main Content
Contact Us Search
California Law Revision Commission

-- Last revised 11/22/06 --

Multiple Party Accounts: Ownership of Amounts on Deposit - Study L-1064

    Recent case law interprets the Multiple Party Accounts Law to enable a party to an account to obtain ownership of amounts on deposit without liability to the other parties by withdrawal of funds from the account. The Commission recommends corrective legislation to make clear that ownership of amounts withdrawn from a joint account is based on net contributions to the account. Legislation to implement the Commission's recommendation is pending as AB 69 (Harman) in the 2005-06 legislative session.
    If you have questions or comments on this study, send an e-mail to Brian Hebert at

Related Material


Top | CLRC Homepage

Final Recommendation

Top | CLRC Homepage

Tentative Recommendations and Other Requests for Comment

Top | CLRC Homepage

Meeting Minutes

Top | CLRC Homepage

Staff Memoranda

Top | CLRC Homepage
Every message sent to you under this subscription will include instructions on how to unsubscribe.

Your email address will not be used for any other purpose.