Texas Finance Code

§ 125.105 — DISCHARGE OF LIABILITY ON PAYMENT

FI § 125.105Title 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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Payment of all or part of a multiple-party account to a party to the account discharges the credit union's liability to each party to the extent of the payment.

Legislative history

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