Join the Independent Bankers Association of Texas for a complimentary web seminar about the ins and outs of the new Texas account disclosure in Senate Bill 1791, presented by IBAT General Counsel and Kennedy Sutherland LLP attorney, Karen M. Neeley. The web seminar will discuss what is required, what is not required and give practical advice on how to implement this disclosure at your bank.
Please plan to attend this informative program on Thursday, September 3, 10 -11 a.m. During the webinar, you will have the opportunity to submit questions online.
S.B. 1791, sponsored by Sen. Rodney Ellis (TX-13), requires financial institutions to notify people about the option to create a “pay on death” account, a type of bank account that allows ownership of the account to pass to beneficiaries when the account holder dies without the need for probate administration. The legislation was signed by Governor Abbott on May 22, 2015 and became effective September 1st.