 |
Texas Statutes (Last Updated: January 4, 2014) |
 |
ESTATES CODE |
|
Title 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY |
|
Subtitle C. PASSAGE OF TITLE AND DISTRIBUTION OF DECEDENTS' PROPERTY IN GENERAL |
|
Chapter 113. MULTIPLE-PARTY ACCOUNTS |
|
Subchapter B. UNIFORM ACCOUNT FORM |
Sec. 113.053. USE OF FORM; DISCLOSURE
-
(a) A financial institution is considered to have adequately disclosed the information provided in this subchapter if the financial institution uses the form provided by Section 113.052.
(b) If a financial institution varies the format of the form provided by Section 113.052, the financial institution may make disclosures in the account agreement or in any other form that adequately discloses the information provided by this subchapter.
(c) If the customer receives adequate disclosure of the ownership rights to an account and the names of the parties are appropriately indicated, a financial institution may combine any of the provisions in, and vary the format of, the form and notices described in Section 113.052 in:
(1) a universal account form with options listed for selection and additional disclosures provided in the account agreement; or
(2) any other manner that adequately discloses the information provided by this subchapter.