Texas Estates Code

§ 115.002 — BENEFICIARY DESIGNATION AUTHORIZED

ES § 115.002Title 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY · Part C. PASSAGE OF TITLE AND DISTRIBUTION OF DECEDENTS' PROPERTY IN GENERAL · Ch. 115. BENEFICIARY DESIGNATION FOR MOTOR VEHICLES

Statute text

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(a)An owner of a motor vehicle may transfer the owner's interest in the motor vehicle to a sole beneficiary effective on the owner's death by designating a beneficiary as provided by Section 501.0315, Transportation Code.

(b)A beneficiary designation is:

(1)subject to Section 115.003(b), revocable and may be changed at any time without the consent of the designated beneficiary as provided by Section 501.0315, Transportation Code;

(2)a nontestamentary instrument; and

(3)effective without:

(A)notice or delivery to or acceptance by the designated beneficiary during the owner's life; or

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Legislative history

Added by Acts 2017, 85th Leg., R.S., Ch. 586 (S.B. 869), Sec. 1, eff. September 1, 2017.