Gavvy: Est. Code, Sec. 113.105. Ownership of Convenience Account; Additions and Accruals.

Add your company name, a link, and a message to this page.

Sec. 113.105. Ownership of Convenience Account; Additions and Accruals.

Sec. 113.105. OWNERSHIP OF CONVENIENCE ACCOUNT; ADDITIONS AND ACCRUALS. (a) The making of a deposit in a convenience account does not affect the title to the deposit.

(b) A party to a convenience account is not considered to have made a gift of the deposit, or of any additions or accruals to the deposit, to a convenience signer.

(c) An addition made to a convenience account by anyone other than a party, and accruals to the addition, are considered to have been made by a party.

Added by Acts 2009, 81st Leg., R.S., Ch. 680, Sec. 1, eff. January 1, 2014.

Gavvy last updated this database on: Sep 6, 2024