§ 456.001 Definition
§ 456.002 Authority to Designate Lawyer On Certain Trust or Escrow Accounts
§ 456.003 Duty of Eligible Institutions
§ 456.004 Liability of Eligible Institutions
§ 456.0045 Private Cause of Action
§ 456.005 Rules
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Terms Used In Texas Estates Code Chapter 456 - Disbursement and Closing of Lawyer Trust or Escrow Accounts

  • Decedent: A deceased person.
  • Effects: includes all personal property and all interest in that property. See Texas Government Code 312.011
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
  • 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
  • Rule: includes regulation. See Texas Government Code 311.005
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
  • Year: means 12 consecutive months. See Texas Government Code 311.005