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H.B. No. 2238
1 Enter the names of the parties: 2 3 4 5 (4) MULTIPLE-PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP. 6 The parties to the account own the account in proportion to the 7 parties' net contributions to the account. The financial 8 institution may pay any sum in the account to a party at any time. 9 On the death of a party, the party's ownership of the account passes 10 to the surviving parties. 11 Enter the names of the parties: 12 13 14 (5) MULTIPLE-PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP AND 15 P.O.D. (PAYABLE ON DEATH) DESIGNATION. The parties to the account 16 own the account in proportion to the parties' net contributions to 17 the account. The financial institution may pay any sum in the 18 account to a party at any time. On the death of the last surviving 19 party, the ownership of the account passes to the P.O.D. 20 beneficiaries. 21 Enter the names of the parties: 22 23 24 Enter the name or names of the P.O.D. beneficiaries: 25 26 27 (6) CONVENIENCE ACCOUNT. The parties [pe-?] to the
Reference the current page of this Legislative Document.
Texas. Legislature. House of Representatives.78th Texas Legislature, Regular Session, House Bill 2238, Chapter 658,
legislative document,
June 20, 2003;
[Austin, Texas].
(https://texashistory.unt.edu/ark:/67531/metapth158405/m1/4/:
accessed May 5, 2024),
University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu;
crediting UNT Libraries Government Documents Department.