Texas Estates Code 113.103 – Ownership of P.O.D
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ACCOUNT DURING ORIGINAL PAYEE’S LIFETIME. (a) During the lifetime of an original payee of a P.O.D. account, the account belongs to the original payee and does not belong to the P.O.D. payee or payees.
(b) If two or more parties are named as original payees of a P.O.D. account, during the parties’ lifetimes rights between the parties are governed by § 113.102.
