Texas Estates Code 115.001 – Definitions
Terms Used In Texas Estates Code 115.001
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Person: includes a natural person and a corporation. See Texas Estates Code 22.027
- Property: means real and personal property. See Texas Government Code 311.005
- Right of survivorship: The ownership rights that result in the acquisition of title to property by reason of having survived other co-owners.
In this chapter:
(1) “Beneficiary designation” means the designation by an owner of a motor vehicle of a beneficiary of the vehicle as provided by Section 501.0315, Transportation Code.
(2) “Designated beneficiary” means a person designated as a beneficiary of an owner’s interest in a motor vehicle under Section 501.0315, Transportation Code.
(3) “Joint owner with right of survivorship” or “joint owner” means a person who owns a motor vehicle concurrently with one or more other persons with a right of survivorship. The term does not include an owner of community property with or without a right of survivorship.
(4) “Motor vehicle” has the meaning assigned by Section 501.002, Transportation Code.
(5) “Person” has the meaning assigned by Section 311.005, Government Code.