Ownership of P.o.d. Account During Original Payee's Lifetime
Multiple-Party Accounts · Ownership and Operation of Accounts
(a) During the lifetime of an original payee of a P.O.D. account, the account belongs to the original payee and does not belong to the P.O.D. payee or payees.
(b) If two or more parties are named as original payees of a P.O.D. account, during the parties' lifetimes rights between the parties are governed by Section 113.102.
Official text of the Texas Estates Code as published by the Texas Legislative Council.
