Texas Estates Code 113.203 – Payment of Joint Account
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(a) Subject to Subsection (b), amounts in a joint account may be paid, on request, to any party without regard to whether any other party is incapacitated or deceased at the time the payment is demanded.
(b) Payment may not be made to the personal representative or heir of a deceased party unless:
(1) proofs of death are presented to the financial institution showing that the deceased party was the last surviving party; or
(2) there is no right of survivorship under Sections 113.151, 113.152, 113.153, and 113.155.
Terms Used In Texas Estates Code 113.203
- Heir: means a person who is entitled under the statutes of descent and distribution to a part of the estate of a decedent who dies intestate. See Texas Estates Code 22.015
- personal representative: include :
(1) an executor and independent executor;
(2) an administrator, independent administrator, and temporary administrator; and
(3) a successor to an executor or administrator listed in Subdivision (1) or (2). See Texas Estates Code 22.031 - Right of survivorship: The ownership rights that result in the acquisition of title to property by reason of having survived other co-owners.