Legal Opinion

Opinion No.

Texas Attorney General Reports

Decided March 26, 1991Published

1Opinion of the Court

Mr. John R. Hale Commissioner Credit Union Department 914 East Anderson Lane Austin, Texas 78752-0278

Re: Termination of a depositor's interest in a joint account by deletion of the depositor's name at the direction of another joint owner (RQ-2190)

Dear Mr. Hale:

You ask if section 440 of the Texas Probate Code authorizes a joint owner of a joint account established with a Texas financial institution to "terminate the interest of another joint owner" by delivering a written order to delete the names of one or more of the other joint owners. Section 440, to which your letter refers, states:

The…

2Cases cited6 opinions

  1. Stauffer v. HendersonTexas Supreme Court · 1991
  2. First Federal Savings & Loan Ass'n of San Antonio v. Ritenour, Texas Court of Appeals, 13th District1986
  3. Wright v. Commercial & Savings BankCourt of Appeals of Maryland · 1983
  4. FIRST STATE BANK AND TRUST CO., CARTHAGE, TEXAS v. McCartyTexas Supreme Court · 1987
  5. McCarty v. First State Bank & Trust Co.Court of Appeals of Texas · 1987

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