Texas Estates Code 113.101 – Effect of Certain Provisions Regarding Ownership Between Parties and Others
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Terms Used In Texas Estates Code 113.101
- Contract: A legal written agreement that becomes binding when signed.
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.