Tex. Est. Code § 113.003 · Subchapter A. GENERAL PROVISIONS
DEFINITION OF NET CONTRIBUTION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In this chapter, "net contribution" of a party to a joint account at any given time is the sum of all deposits made to that account by or for the party, less all withdrawals made by or for the party that have not been paid to or applied to the use of any other party, plus a pro rata share of any interest or dividends included in the current balance of the account. The term also includes any deposit life insurance proceeds added to the account by reason of the death of the party whose net contribution is in question.
(b) A financial institution may not be required to inquire, for purposes of establishing net contributions, about:
(1) the source of funds received for deposit to a multiple-party account; or
(2) the proposed application of an amount withdrawn from a multiple-party account.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 680, Sec. 1, eff. January 1, 2014.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/ES/htm/ES.113.htm
- Text hash
- sha256 2a1d01a17c870aa696bb3f67876e7c718f51983c2cb65233ef652badbba1c7e2
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
Provisions in this library whose text cites Tex. Est. Code § 113.003. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.