(a) “Account in an insured savings and loan association” means a savings account or mutual capital certificate of either of the following:

(1) A federal association.

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Terms Used In California Probate Code 23

(2) A savings association doing business in this state which is an “insured institution” as defined in Title IV of the National Housing Act (12 U.S.C. § 1724, et seq.).

(b) As used in this section:

(1) “Federal association” has the meaning given that term in subdivision (b) of § 5102 of the Financial Code.

(2) “Mutual capital certificate” has the meaning given that term in § 5111 of the Financial Code.

(3) “Savings account” has the meaning given that term in § 5116 of the Financial Code.

(4) “Savings association” has the meaning given that term in subdivision (a) of § 5102 of the Financial Code.

(Enacted by Stats. 1990, Ch. 79.)