Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 113.103 - Ownership of P.O.D. Account During Original Payee's Lifetime(a) During the lifetime of an original payee of a P.O.D. account, the account belongs to the original payee and does not belong to the P.O.D. payee or payees.(b) If two or more parties are named as original payees of a P.O.D. account, during the parties' lifetimes rights between the parties are governed by Section 113.102.Added by Acts 2009, 81st Leg., R.S., Ch. 680, Sec. 1, eff. 1/1/2014.