Ownership of Convenience Account On Death of Party

Tex. Estates Code § 113.154, under Chapter 113.

Tex. Estates Code § 113.154

Sec. 113.154. OWNERSHIP OF CONVENIENCE ACCOUNT ON DEATH OF PARTY. On the death of the last surviving party to a convenience account: (1) a convenience signer has no right of survivorship in the account; and (2) ownership of the account remains in the estate of the last surviving party. Added by Acts 2009, 81st Leg., R.S., Ch. 680, Sec. 1, eff. January 1, 2014.