Texas Finance Code - Section 65.107. Power Of Attorney Account
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Texas Lawyer > Finance Code > Texas Finance Code - Section 65.107. Power Of Attorney Account
§ 65.107. POWER OF ATTORNEY ACCOUNT. (a) An association
or a federal association doing business in this state may continue
to recognize the authority of an attorney-in-fact authorized in
writing to manage or withdraw money from a savings account of a
member until the association receives written or actual notice of
the revocation of that authority.
(b) For purposes of this section, written notice of the
death or adjudication of incompetency of a member is considered to
be written notice of revocation of the authority of the member's
attorney-in-fact.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.
Section: 65.013 65.101 65.102 65.103 65.104 65.105 65.106 65.107 66.001 66.002 66.051 66.052 66.053 66.054 66.101
Last modified: August 10, 2007
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