113.207 – LIABILITY FOR PAYMENT FROM JOINT ACCOUNT AFTER
Texas Estates Code § 113.207
Summary
This law protects financial institutions from liability when they pay funds from a joint account to a surviving account holder after one party's death. It ensures that heirs or beneficiaries cannot claim those funds from the institution if the payment was made according to a written agreement.
Financial institutions are not liable for payments to surviving account holders.
Protection applies if payments follow a written agreement.
Heirs or beneficiaries cannot claim funds after a party's death.
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In simple terms: Learn about Texas's LIABILITY FOR PAYMENT FROM JOINT ACCOUNT AFTER 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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