Estates Code › Title 2 › Chapter 113 › Subchapter C

Texas Estates Code § 113.105

Ownership of Convenience Account; Additions and Accruals

Multiple-Party Accounts · Ownership and Operation of Accounts

(a) The making of a deposit in a convenience account does not affect the title to the deposit.

(b) A party to a convenience account is not considered to have made a gift of the deposit, or of any additions or accruals to the deposit, to a convenience signer.

(c) An addition made to a convenience account by anyone other than a party, and accruals to the addition, are considered to have been made by a party.

Official text of the Texas Estates Code as published by the Texas Legislative Council.

Official source
Legislative history

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

Sections that refer to this one

§ 113.106