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Tex. Estates Code § 113.210

This is the official text of Tex. Estates Code § 113.210, part of Texas’s Estates Code — governs wills, probate, and estate administration.

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§ 113.210. SET-OFF TO FINANCIAL INSTITUTION.

Official statutory text

(a) Without qualifying any other statutory right to set-off or lien and subject to any contractual provision, if a party to a multiple-party account is indebted to a financial institution, the financial institution has a right to set-off against the account in which the party has, or had immediately before the party's death, a present right of withdrawal.

(b) The amount of the account subject to set-off under this section is that proportion to which the debtor is, or was immediately before the debtor's death, beneficially entitled, and in the absence of proof of net contributions, to an equal share with all parties having present rights of withdrawal.

Status: in_force · Read it on the official government site

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