---
type: "Bill"
title: "Multiple-party accounts."
description: "The California Multiple-Party Accounts Law regulates the ownership interest of parties to a multiple-party account, and provides that during the lifetime of the parties, a party's ownership interest is based on the proportion of the party's net contribution to the sums on deposit."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20112012"
identifier: "AB 1624"
citation: "California AB 1624 (20112012)"
classification: ["bill"]
subjects: ["Multiple-party accounts."]
status: "enacted"
primary_sponsors: ["Gatto"]
version_count: 7
action_count: 19
vote_count: 5
first_action: "2012-02-09"
last_action: "2012-09-07"
source: "openstates"
source_identifier: "ocd-bill/b7cf2fdd-435a-4408-8f18-7646faffdfac"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201120120AB1624"
source_hash: "c1f456ab64965ac4b7b1ed00295712e60138d5286878457e51ea1382a5e39fdb"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ca"]
---

# California AB 1624 (20112012) — Multiple-party accounts.

The California Multiple-Party Accounts Law regulates the ownership interest of parties to a multiple-party account, and provides that during the lifetime of the parties, a party's ownership interest is based on the proportion of the party's net contribution to the sums on deposit.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **02/09/12 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB1624&version=20110AB162499INT)
2. **03/15/12 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB1624&version=20110AB162498AMD)
3. **06/21/12 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB1624&version=20110AB162497AMD)
4. **07/06/12 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB1624&version=20110AB162496AMD)
5. **09/07/12 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB1624&version=20110AB162494CHP)
6. **AB1624** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201120120AB1624)
7. **08/16/12 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201120120AB1624&version=20110AB162495ENR)

## Votes

- Do pass as amended. To Consent Calendar. — **4–0** (pass) · upper
- Do pass. — **8–0** (pass) · lower
- AB 1624 GATTO Concurrence in Senate Amendments — **79–0** (pass) · lower
- Consent Calendar 2nd — **36–0** (pass) · upper
- AB 1624 GATTO Assembly Third Reading — **69–0** (pass) · lower

## Sponsors

- Gatto — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2012-02-09** Read first time. To print. `reading-1`
- **2012-02-10** From printer. May be heard in committee March 11.
- **2012-02-23** Referred to Com. on JUD. `referral-committee`
- **2012-03-15** From committee chair, with author's amendments: Amend, and re-refer to Com. on JUD. Read second time and amended. `reading-2, amendment-introduction, reading-1, amendment-passage`
- **2012-03-19** Re-referred to Com. on JUD. `referral-committee`
- **2012-03-20** From committee: Do pass. (Ayes 8. Noes 0.) (March 20). `committee-passage, committee-passage-favorable`
- **2012-03-21** Read second time. Ordered to third reading. `reading-2, reading-1`
- **2012-03-22** Read third time. Passed. Ordered to the Senate. (Ayes 69. Noes 0. Page 4103.) `reading-3, reading-1, passage`
- **2012-03-22** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
- **2012-04-19** Referred to Com. on JUD. `referral-committee`
- **2012-06-21** From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on JUD. `reading-2, amendment-introduction, reading-1, amendment-passage, referral-committee`
- **2012-07-05** From committee: Do pass as amended. To consent calendar. (Ayes 4. Noes 0.) (July 3). `amendment-passage, committee-passage, committee-passage-favorable`
- **2012-07-06** Read second time and amended. Ordered to consent calendar. `reading-2, reading-1, amendment-passage`
- **2012-08-09** Read third time. Passed. Ordered to the Assembly. (Ayes 36. Noes 0. Page 4444.). `reading-3, reading-1, passage`
- **2012-08-09** In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 11 pursuant to Assembly Rule 77.
- **2012-08-13** Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 79. Noes 0. Page 5885.). `committee-passage-favorable, amendment-passage`
- **2012-08-20** Enrolled and presented to the Governor at 5 p.m.
- **2012-09-07** Approved by the Governor. `executive-signature`
- **2012-09-07** Chaptered by Secretary of State - Chapter 235, Statutes of 2012.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/b7cf2fdd-435a-4408-8f18-7646faffdfac`. Confidence: reported (aggregated from official California legislature records).