Effect of Certain Provisions Regarding Ownership Between Parties and Others
Multiple-Party Accounts · Ownership and Operation of Accounts
The provisions of this subchapter and Subchapters B and D that relate to beneficial ownership between parties, or between parties and P.O.D. payees or beneficiaries of multiple-party accounts:
(1) are relevant only to controversies between those persons and those persons' creditors and other successors; and
(2) do not affect the withdrawal power of those persons under the terms of an account contract.
Official text of the Texas Estates Code as published by the Texas Legislative Council.
