Texas Finance Code - Section 65.007. Lost Or Destroyed Account Book Or Certificate
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§ 65.007. LOST OR DESTROYED ACCOUNT BOOK OR
CERTIFICATE. (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.
(c) An association may require indemnification against any
loss resulting from issuing a new account book or certificate.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.
Section: 64.104 65.001 65.002 65.003 65.004 65.005 65.006 65.007 65.008 65.009 65.010 65.011 65.012 65.013 65.101
Last modified: August 10, 2007
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