Texas Finance Code

§ 125.101 — FORM OF ACCOUNT

FI § 125.101Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part D. CREDIT UNIONS · Ch. 125. CREDIT UNION ACCOUNTS AND SERVICES · Art. B. MULTIPLE-PARTY ACCOUNTS

Statute text

View on source

(a)A member of a credit union or of a federal credit union doing business in this state may designate one or more persons to own a share or deposit account with the member in a multiple-party account.

(b)The account may provide for a right of survivorship.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.