Enrolled Bill Summary

House Bill 2238 amends provisions of the Texas Probate Code to clarify that convenience accounts apply to multiple-party accounts and allow multiple convenience signers. The bill replaces the term "cosigner" with "convenience signer" and provides that a party to a convenience account is not considered to have made a gift of the deposit, rather than a gift of one-half of the deposit, or of any additions or accruals, to a convenience signer.