Sec. 113.207. LIABILITY FOR PAYMENT FROM JOINT ACCOUNT AFTER DEATH. A financial institution that pays an amount from a joint account to a surviving party to that account in accordance with a written agreement under Section 113.151 is not liable to an heir, devisee, or beneficiary of the deceased party's estate.
Added by Acts 2009, 81st Leg., R.S., Ch. 680, Sec. 1, eff. January 1, 2014.
Structure Texas Statutes
Title 2 - Estates of Decedents; Durable Powers of Attorney
Subtitle C - Passage of Title and Distribution of Decedents' Property in General
Chapter 113 - Multiple-Party Accounts
Subchapter E. Protection of Financial Institutions
Section 113.201. Applicability of Subchapter
Section 113.202. Payment of Multiple-Party Account
Section 113.203. Payment of Joint Account
Section 113.205. Payment of Trust Account
Section 113.206. Payment of Convenience Account
Section 113.207. Liability for Payment From Joint Account After Death
Section 113.208. Liability for Payment From Convenience Account