113.203 – PAYMENT OF JOINT ACCOUNT. (a) Subject to
Texas Estates Code § 113.203
Summary
This law allows any party to withdraw funds from a joint account regardless of the status of other parties. However, if a party is deceased, certain conditions must be met before payments can be made to their heirs or representatives.
Any account holder can withdraw funds regardless of others' status.
Payments to heirs require proof of death of the last surviving party.
No payment to representatives unless specific conditions are met.
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In simple terms: Learn about Texas's PAYMENT OF JOINT ACCOUNT. (a) Subject to 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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