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Tex. Est. Code § 113.105

OWNERSHIP OF CONVENIENCE ACCOUNT; ADDITIONS AND ACCRUALS

Added by Acts 2009, 81st Leg., R.S., Ch. 680, Sec. 1, eff

(a) The making of a deposit in a convenience account does not affect the title to the deposit.

(b) A party to a convenience account is not considered to have made a gift of the deposit, or of any additions or accruals to the deposit, to a convenience signer.

(c) An addition made to a convenience account by anyone other than a party, and accruals to the addition, are considered to have been made by a party.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.