Sec. 122.001. DEFINITIONS. In this subchapter:
Text of subdivision as amended by Acts 2015, 84th Leg., R.S., Ch. 562 (H.B. 2428), Sec. 3
(1) "Beneficiary" includes a person who would have been entitled, if the person had not made a disclaimer, to receive property as a result of the death of another person:
(A) by inheritance;
(B) under a will;
(C) by an agreement between spouses for community property with a right of survivorship;
(D) by a joint tenancy with a right of survivorship;
(E) by a survivorship agreement, account, or interest in which the interest of the decedent passes to a surviving beneficiary;
(F) by an insurance, annuity, endowment, employment, deferred compensation, or other contract or arrangement; or
(G) under a pension, profit sharing, thrift, stock bonus, life insurance, survivor income, incentive, or other plan or program providing retirement, welfare, or fringe benefits with respect to an employee or a self-employed individual.
Text of subdivision as amended by Acts 2015, 84th Leg., R.S., Ch. 841 (S.B. 462), Sec. 3
(1) "Beneficiary" includes a person who would have been entitled, if the person had not made a disclaimer, to receive property as a result of the death of another person:
(A) by inheritance;
(B) under a will;
(C) by an agreement between spouses for community property with a right of survivorship;
(D) by a joint tenancy with a right of survivorship;
(E) by a survivorship agreement, account, or interest in which the interest of the decedent passes to a surviving beneficiary;
(F) by an insurance, annuity, endowment, employment, deferred compensation, or other contract or arrangement;
(G) under a pension, profit sharing, thrift, stock bonus, life insurance, survivor income, incentive, or other plan or program providing retirement, welfare, or fringe benefits with respect to an employee or a self-employed individual; or
(H) by a transfer on death deed.
(2) "Disclaim" and "disclaimer" have the meanings assigned by Section 240.002, Property Code.
Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 562 (H.B. 2428), Sec. 3, eff. September 1, 2015.
Acts 2015, 84th Leg., R.S., Ch. 841 (S.B. 462), Sec. 3, eff. September 1, 2015.
Section: 122.001 122.002 122.201 122.202 122.204 122.205 NextLast modified: September 28, 2016