Definiciones Generales sobre Cuentas y Beneficiarios en el Código de Sucesiones de Texas

Sec. 113.001. GENERAL DEFINITIONS. In this chapter: (1) "Account" means a contract of deposit of funds or securities between a depositor and a financial institution. The term includes: (A) an account with cash deposits, including a checking account, savings account, certificate of deposit, and share account; (B) an account holding securities, including stocks, bonds, and mutual funds; and (C) another similar arrangement. (2) "Beneficiary" means a person or trustee of an express trust evidenced by a writing who is named in a trust account as a person for whom a party to the account is named as trustee. (2-a) "Charitable organization" means any corporation, community chest, fund, or foundation that is exempt from federal income tax under Section 501(a) of the Internal Revenue Code of 1986 by being listed as an exempt organization in Section 501(c)(3) of that code. (2-b) "Express trust" has the meaning assigned by Section 111.004, Property Code. (3) "Financial institution" means an organization authorized to do business under state or federal laws relating to financial institutions. The term includes a bank or trust company, savings bank, building and loan association, savings and loan company or association, credit union, and brokerage firm that deals in the sale and purchase of stocks, bonds, and other types of securities. (4) "Payment" of sums on deposit includes a withdrawal, a payment on a check or other directive of a party, and a pledge of sums on deposit by a party and a