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Texas Finance Code

§ 65.103 — JOINT TENANCY ACCOUNT HELD BY HUSBAND AND WIFE

FI § 65.103Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part B. SAVINGS AND LOAN ASSOCIATIONS · Ch. 65. SAVINGS ACCOUNTS · Art. B. PROVISIONS APPLICABLE TO SPECIFIC TYPES OF ACCOUNTS

Statute text

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(a)A husband and wife may enter into a savings contract that creates a joint tenancy with right of survivorship with respect to community property deposited in a savings account and any future additions or dividends made or credited to the account.
(b)An agreement under Subsection (a) must be in writing and subscribed to by the husband and wife but is not required to be acknowledged.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.