Texas § FI.125.308 - EFFECT OF DEATH OF TRUSTEE ON ACCOUNT
Full text of Texas The Texas Constitution § FI.125.308 — EFFECT OF DEATH OF TRUSTEE ON ACCOUNT, with citation guidance and answers to common questions.
§ FI.125.308. EFFECT OF DEATH OF TRUSTEE ON ACCOUNT
EFFECT OF DEATH OF TRUSTEE ON ACCOUNT. (a) The death of a trustee does not affect the ownership or disposition of a trust account unless: (1) the trust agreement provides otherwise; or (2) there is not a surviving trustee, and: (A) the account is a trust account subject to Subchapter B , Chapter 111 , and Chapters 112 and 113 , Estates Code; or (B) written evidence of the terms of the trust does not exist. (b) On the death of a trustee for a trust account for which the death of a trustee affects the ownership disposition of the account, the credit union shall pay out money in the trust account: (1) in accordance with the trust agreement; or (2) in the absence of written evidence of the terms of the trust, to a beneficiary or any other person authorized by law to request or receive payment. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by: Acts 2015, 84th Leg., R.S., Ch. 1236 (S.B. 1296 ), Sec. 20.014, eff. September 1, 2015.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.125.308
What does The Texas Constitution § FI.125.308 cover?
Section FI.125.308 ("EFFECT OF DEATH OF TRUSTEE ON ACCOUNT") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § FI.125.308?
A common citation format is "The Texas Constitution § FI.125.308" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.125.308 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.