§ 18533. Contributions from Joint Checking Accounts.

(a) A contribution made from a checking account by a check bearing the printed name of more than one individual shall be attributed to the individual whose name is printed on the check and who signs the check, unless an accompanying document directs otherwise. The document shall indicate the amount to be attributed to each contributing individual and shall be signed by each contributing individual whose name is printed on the check. If each individual whose name is printed on the check signs the check, the contribution shall be attributed equally to each individual, unless an accompanying document signed by each individual directs otherwise.

If the name of the individual who signs the check is not printed on the check, an accompanying document, signed by the contributing individuals, shall state to whom the contribution is attributed.

(b) For purposes of this regulation, each contributing individual is a “person” as defined in Government Code section 82047 and is subject to the contribution limitations set forth in Government Code sections 85301 and 85303.

(c) If the individual who signs the check or accompanying document is acting as an intermediary for another contributor, this regulation shall not apply and Regulation 18432.5 shall apply instead.

HISTORY

1. New section filed 2-23-90; operative 3-25-90 (Register 90, No. 11).

2. Amendment filed 4-26-95; operative 4-26-95 pursuant to Government Code section 11343.4(d) (Register 95, No. 17).

3. Amendment of subsection (b) and repealer of footnote filed 10-23-96; operative 10-23-96 pursuant to Government Code section 11343.4(d) (Register 96, No. 43).

4. Amendment of section and Note filed 5-4-2001; operative 6-3-2001 (Register 2001, No. 18).

Note

Note: Authority cited: Section 83112, Government Code. Reference: Sections 85301 and 85303, Government Code.