Texas Finance Code

§ 125.201 — POWERS OF CREDIT UNION RELATING TO ACCOUNT

FI § 125.201Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part D. CREDIT UNIONS · Ch. 125. CREDIT UNION ACCOUNTS AND SERVICES · Art. C. MINOR ACCOUNTS

Statute text

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A credit union may:

(1)open a share or deposit account in the name of a minor;

(2)receive a payment on the account by or for the minor;

(3)pay withdrawals;

(4)accept pledges to the credit union by or for the minor; and

(5)act in any other matter with respect to an account on the order of a minor.

Legislative history

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