Finance Code § 125.106
A multiple-party account’s ownership generally passes the deceased party’s account right to the estate, unless the account or trust agreement says otherwise. A credit union may pay shares or deposits on a party’s order before or after another party dies if it follows the account agreement, and it has no further liabili
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
Statute overview
About this statute
A multiple-party account’s ownership generally passes the deceased party’s account right to the estate, unless the account or trust agreement says otherwise. A credit union may pay shares or deposits on a party’s order before or after another party dies if it follows the account agreement, and it has no further liability for that payment.
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Finance Code § 125.106
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