Ensuring the well-being of minors or those unable to manage their funds due to various reasons is a priority that the Superior Court of California takes seriously. In steps the MC–355 form, a crucial document designed to safeguard the financial interests of such individuals by mandating the deposit of their money into a blocked account. This legal mechanism ensures that any assets, often received as settlements or gifts, are held securely in an interest-bearing, federally insured account. The form outlines the necessary steps for initiating this process, including the requirement for an order by the court following a petition. The detailed instructions include specifying who the money belongs to, how much is to be deposited, and the stringent stipulations surrounding withdrawals. Withdrawals from the account can only occur under court order, thereby providing a robust layer of financial protection. Noteworthy is the form's stipulation that the funds are shielded from escheat, or becoming state property if unclaimed. Designed for mandatory use as dictated by the California Judicial Council, the MC–355 form is an instrumental part of the court’s procedural arsenal, aiming to protect vulnerable parties’ financial assets until they are of age or otherwise capable of managing them. This form, thus, is not just a document but a testament to the justice system's commitment to societal welfare and safeguarding individuals' financial rights and well-being.
| Question | Answer |
|---|---|
| Form Name | Form Mc 355 |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | mc355 spanish, fillable form mc 355, mc 355 form for medical, mc 355 medi cal |
ATTORNEY OR PARTY WITHOUT ATTORNEY (Name, state bar number, and address): |
FOR COURT USE ONLY |
TELEPHONE NO.: |
FAX NO. (Optional): |
|
|
ATTORNEY FOR (Name): |
|
SUPERIOR COURT OF CALIFORNIA, COUNTY OF
STREET ADDRESS:
MAILING ADDRESS:
CITY AND ZIP CODE:
BRANCH NAME:
CASE NAME:
CASE NUMBER:
ORDER TO DEPOSIT MONEY INTO BLOCKED ACCOUNT
1. The petition of (name): |
|
as (specify capacity): |
to deposit funds in a blocked account or |
blocked accounts came on for hearing on (date): |
at (time): |
in Dept.: |
|
THE COURT ORDERS
2.Money that belongs to (name):
shall be deposited in an
3.Each account shall indicate the name of the minor or other person who owns the account.
4.The total amount authorized for deposit, including any accrued interest, is: $
5.Withdrawals (check a or b):
a.
No withdrawals of principal or interest shall be made from the blocked account or accounts without a written order under this case name and number, signed by a judge, and bearing the seal of this court. The money on deposit is not subject to escheat.
b.
The blocked account or accounts belong to a minor. The minor was born on (date):
No withdrawals of principal or interest shall be made from the blocked account or accounts without a written order under this case name and number, signed by a judge, and bearing the seal of this court, until the minor attains the age of 18 years. When the minor attains the age of 18 years, the depository, without further order of this Court, is authorized and directed to pay by check or draft directly to the former minor, upon proper demand, all moneys including interest deposited under this order. The money on deposit is not subject to escheat.
6.The petitioner and the petitioner's attorney, if any, shall deliver a copy of this order to each depository in which funds are deposited under this order. The depository's acknowledgment of receipt of the order and the funds shall be filed with this court within 15 days of deposit.
Date:
JUDGE OF THE SUPERIOR COURT
Page 1 of 1
Form Adopted for Mandatory Use
Judicial Council of California
ORDER TO DEPOSIT MONEY INTO BLOCKED
ACCOUNT
Code of Civil Procedure, § 372; Probate Code, § 3600, et seq.; Cal. Rules of Court, rules 3.1384, 7.953 www.courtinfo.ca.gov