Tex. Est. Code § 1355.153

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 1355.153 - Deposit of Money in Trust
(a) On receipt of money under this subchapter, an eleemosynary institution shall deposit all of the money received to the resident's trust account.
(b) Money deposited in a trust account may be used only:
(1) by or for the personal use of the owner of the trust account, under the rules or custom of the institution in the expenditure of money by a resident; or
(2) by the responsible officer of the institution, for the resident's use and benefit.

Tex. Estates § 1355.153

Added by Acts 2011, 82nd Leg., R.S., Ch. 823, Sec. 1.02, eff. 1/1/2014.