113.204 – PAYMENT OF P.O.D. ACCOUNT. (a) A P.O.D. account
Texas Estates Code § 113.204
Summary
This law governs the payment procedures for Payable on Death (P.O.D.) accounts in Texas. It allows payments to original payees, P.O.D. payees, or their heirs upon proof of death, ensuring that funds are distributed according to the account's terms.
Payments can be made to original payees or their heirs.
P.O.D. payees must provide proof of death to receive funds.
Funds are distributed based on account terms and proof requirements.
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In simple terms: Learn about Texas's PAYMENT OF P.O.D. ACCOUNT. (a) A P.O.D. account 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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