Current through the 2023 Legislative Session.
(a) "Account" means a contract of deposit of funds between a depositor and a financial institution, and includes a checking account, savings account, certificate of deposit, share account, and other like arrangement.(b) "Account" does not include: (1) An account established for deposit of funds of a partnership, joint venture, or other association for business purposes.(2) An account controlled by one or more persons as the duly authorized agent or trustee for a corporation, unincorporated association, or charitable or civic organization.(3) A regular fiduciary or trust account where the relationship is established other than by deposit agreement.(4) An account established for the deposit of funds of the estate of a ward, conservatee, or decedent.Enacted by Stats. 1990, Ch. 79.