Texas Estates Code

§ 113.154 — OWNERSHIP OF CONVENIENCE ACCOUNT ON DEATH OF PARTY

ES § 113.154Title 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY · Part C. PASSAGE OF TITLE AND DISTRIBUTION OF DECEDENTS' PROPERTY IN GENERAL · Ch. 113. MULTIPLE-PARTY ACCOUNTS · Art. D. RIGHTS OF SURVIVORSHIP IN ACCOUNTS

Statute text

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On the death of the last surviving party to a convenience account:

(1)a convenience signer has no right of survivorship in the account; and

(2)ownership of the account remains in the estate of the last surviving party.

Legislative history

Added by Acts 2009, 81st Leg., R.S., Ch. 680, Sec. 1, eff. January 1, 2014.