California Probate Code 2892 – (a) When a guardian or conservator, pursuant to letters of …
(a) When a guardian or conservator, pursuant to letters of guardianship or conservatorship of the estate, opens or changes the name to an account or safe-deposit box in a financial institution, as defined in subdivision (b), the financial institution shall send to the court identified in the letters of guardianship or conservatorship a statement containing the following information:
(1) The name of the person with whom the account or safe-deposit box is opened or changed.
Terms Used In California Probate Code 2892
- Conservator: includes a limited conservator. See California Probate Code 30
- Financial institution: means a state or national bank, state or federal savings and loan association or credit union, or like organization. See California Probate Code 40
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Person: means an individual, corporation, government or governmental subdivision or agency, business trust, estate, trust, partnership, limited liability company, association, or other entity. See California Probate Code 56
- Trust: includes the following:
California Probate Code 82
(2) The account number or reference number.
(3) The date the account or safe-deposit box was opened or changed ownership pursuant to letters of guardianship or conservatorship.
(4) If the asset is held in an account in a financial institution, the balance as of the date the account was opened or changed.
(5) If the asset is held in a safe-deposit box, and the financial institution has been given access to the safe-deposit box, a list of the contents, including, for example, currency, coins, jewelry, tableware, insurance policies or certificates, stock certificates, bonds, deeds, and wills.
(6) The name and address of the financial institution in which the asset is maintained.
(b) For purposes of this chapter, “financial institution” means a bank, trust, savings and loan association, savings bank, industrial bank, or credit union.
(Amended by Stats. 2003, Ch. 888, Sec. 7. Effective January 1, 2004.)