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Can Revocable Trust own a NOW Account?

In California, can a revocable trust, doing business as, be eligible to own a NOW account?


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The only business owners that may have NOW accounts are individuals who are sole proprietors and non-profits. Unless the business you refer to is operated as a non-profit, the fact it's not held by an individual rules it out as a NOW holder.

Published on BankingQuestions.com 10/06/09