Texas Finance Code

§ 65.002 — INVESTMENT IN ACCOUNTS

FI § 65.002Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part B. SAVINGS AND LOAN ASSOCIATIONS · Ch. 65. SAVINGS ACCOUNTS · Art. A. GENERAL PROVISIONS

Statute text

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(a)Any person may be the holder of a savings account.

(b)An investment in a savings account may be made only in cash.

(c)A person may invest in a savings account in the person's own right or in a trust or other fiduciary capacity.

Legislative history

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