Texas § 113.153 OWNERSHIP OF TRUST ACCOUNT ON DEATH OF TRUSTEE.

Texas Statutes

§ 113.153 — OWNERSHIP OF TRUST ACCOUNT ON DEATH OF TRUSTEE.

Texas § 113.153

Code ESEstates Code

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Bluebook

Tex. Estates Code Code Ann. § 113.153 (2026).

Text

Sec. 113.153. OWNERSHIP OF TRUST ACCOUNT ON DEATH OF TRUSTEE.

(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.

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Sec. 113.153. OWNERSHIP OF TRUST ACCOUNT ON DEATH OF TRUSTEE. (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.