Tex. Est. Code § 113.153 · Subchapter D. RIGHTS OF SURVIVORSHIP IN ACCOUNTS
OWNERSHIP OF TRUST ACCOUNT ON DEATH OF TRUSTEE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If the account is a trust account and there is a written agreement signed by the trustee or trustees, on death of the trustee or the survivor of two or more trustees, any sums remaining on deposit belong to:
(1) the person or persons named as beneficiaries, if surviving; or
(2) the survivor of the persons named as beneficiaries if one or more beneficiaries die before the trustee.
(b) If two or more beneficiaries survive, no right of survivorship exists between the surviving beneficiaries unless the terms of the account or deposit agreement expressly provide for survivorship between those beneficiaries.
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 cdfe8aa6387ea2c71fb829be2b008f86b7911500f622824b6e765d44c51d8b39
- 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 4 provisions
Provisions in this library whose text cites Tex. Est. Code § 113.153. Each shows the citation as that text prints it.
Estates Code
- Tex. Est. Code § 113.155EFFECT OF DEATH OF PARTY ON CERTAIN ACCOUNTS WITHOUT RIGHTS OF SURVIVORSHIP.Printed as Sections 113.151, 113.152, and 113.153
- Tex. Est. Code § 113.156APPLICABILITY OF CERTAIN PROVISIONS ON DEATH OF PARTY.Printed as Sections 113.151, 113.152, 113.153, and 113.155
- Tex. Est. Code § 113.158NONTESTAMENTARY NATURE OF CERTAIN TRANSFERS.Printed as Sections 113.151, 113.152, 113.153, and 113.155
- Tex. Est. Code § 113.203PAYMENT OF JOINT ACCOUNT.Printed as Sections 113.151, 113.152, 113.153, and 113.155
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.