113.208 – LIABILITY FOR PAYMENT FROM CONVENIENCE ACCOUNT.
Texas Estates Code § 113.208
Summary
This law protects financial institutions from liability when making payments from a convenience account until they receive written notice to stop. It allows institutions to require approval for further payments after such notice is received.
Financial institutions are not liable for payments made before receiving written notice.
Written notice must be signed by a party to stop payments.
Institutions can require approval for future payments after notice.
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In simple terms: Learn about Texas's LIABILITY FOR PAYMENT FROM CONVENIENCE 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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