113.210 – SET-OFF TO FINANCIAL INSTITUTION. (a) Without
Texas Estates Code § 113.210
Summary
This law allows financial institutions to offset debts owed by a party against funds in a multiple-party account. It applies when a party has a present right to withdraw from the account, even if the party has passed away.
Financial institutions can set off debts against multiple-party accounts.
Applies to accounts where the party had withdrawal rights.
Does not affect other statutory rights or contractual provisions.
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In simple terms: Learn about Texas's SET-OFF TO FINANCIAL INSTITUTION. (a) Without 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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