Tex. Est. Code § 113.104 · Subchapter C. OWNERSHIP AND OPERATION OF ACCOUNTS
OWNERSHIP OF TRUST ACCOUNT DURING TRUSTEE'S LIFETIME.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A trust account belongs beneficially to the trustee during the trustee's lifetime unless:
(1) the terms of the account or the deposit agreement manifest a contrary intent; or
(2) other clear and convincing evidence of an irrevocable trust exists.
(b) If two or more parties are named as trustees on a trust account, during the parties' lifetimes beneficial rights between the parties are governed by Section 113.102.
(c) An account that is an irrevocable trust belongs beneficially to the beneficiary.
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 578dafe2449e644d6c26f116bd1890da94a7d659c26f478a5b913b9c2d344fcb
- 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
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