On the death of the last surviving party to a convenience account:
(1) a convenience signer has no right of survivorship in the account; and
(2) ownership of the account remains in the estate of the last surviving party.
OWNERSHIP OF CONVENIENCE ACCOUNT ON DEATH OF PARTY
Added by Acts 2009, 81st Leg., R.S., Ch. 680, Sec. 1, eff
On the death of the last surviving party to a convenience account:
(1) a convenience signer has no right of survivorship in the account; and
(2) ownership of the account remains in the estate of the last surviving 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.