Texas Finance Code

§ 65.006 — TRANSFER OF ACCOUNT

FI § 65.006Title 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)A savings account may be transferred only on the books of an association on presentation to the association of:

(1)evidence of transfer satisfactory to the association; and

(2)an application for transfer by the transferee.

(b)A transferee accepts an account subject to the terms of the:

(1)savings contract; and

(2)association's charter and bylaws.

Legislative history

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