Texas Finance Code

§ 95.006 — TRANSFER OF ACCOUNT

FI § 95.006Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part C. SAVINGS BANKS · Ch. 95. DEPOSIT ACCOUNTS · Art. A. GENERAL PROVISIONS

(a)A deposit account may be transferred on the books of the savings bank only on presentation to the savings bank of:

(1)evidence of transfer satisfactory to the savings bank; and

(2)an application for transfer by the transferee.

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

(1)deposit contract; and

(2)savings bank's charter and bylaws.

Legislative history

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