Texas Finance Code

§ 125.102 — POWERS OF ACCOUNT HOLDERS

FI § 125.102Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part D. CREDIT UNIONS · Ch. 125. CREDIT UNION ACCOUNTS AND SERVICES · Art. B. MULTIPLE-PARTY ACCOUNTS

Statute text

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(a)A party to a multiple-party account may make a payment on a share or deposit account and a withdrawal subject to the account agreement.

(b)A party to the account may not vote in matters pertaining to, obtain a loan through, or hold office in the credit union unless the party is a member of the credit union.

Legislative history

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