113.002 – DEFINITION OF PARTY. (a) In this chapter,
Texas Estates Code § 113.002
Summary
This section defines who qualifies as a 'party' in the context of multiple-party accounts. It includes individuals with a present right to payment, such as guardians and personal representatives, ensuring clarity in legal proceedings involving these accounts.
Defines 'party' in multiple-party account contexts.
Includes guardians, personal representatives, and assignees.
Covers trustees regardless of named beneficiaries.
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In simple terms: Learn about Texas's DEFINITION OF PARTY. (a) In this chapter, law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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