Texas Finance Code

§ 65.007 — LOST OR DESTROYED ACCOUNT BOOK OR CERTIFICATE

FI § 65.007Title 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)An association may issue a new account book or certificate in the name of the holder of record of a savings account if:

(1)the holder or the holder's legal representative requests; and

(2)proof is presented satisfactory to the association that the original book or certificate is lost or destroyed.

(b)A new account book or certificate must expressly state that:

(1)it is issued to replace a lost or destroyed account book or certificate; and

(2)the association may not be held liable on the original account book or certificate.

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Legislative history

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