|
|
Court OpinionsState LawsAlabama US Code1 USC - General Provisions US Constitution |
Texas Finance Code - Chapter 125 Credit Union Accounts And ServicesLegal Research Home > Texas Laws > Finance Code > Texas Finance Code - Chapter 125 Credit Union Accounts And Services In this chapter, "multiple-party account" has the meaning assigned by Section 436, Texas Probate Code, except that the term includes an account in which one ... (a) Shares and membership shares shall be subscribed to and paid for in the manner prescribed by the bylaws. A credit union may limit the ... A deposit account consists of payments made under an agreement between the credit union and a depositor, including a draft account, checking account, savings account, ... This chapter may not be construed to conflict with the laws of the United States or the laws of this state governing the taxation of ... (a) A member of a credit union or of a federal credit union doing business in this state may designate one or more persons to ... (a) A party to a multiple-party account may make a payment on a share or deposit account and a withdrawal subject to the account agreement. ... Subject to a policy adopted by the board, a member of a credit union by written notice to the credit union may: (1) change or ... (a) The parties to a multiple-party account are presumed to own the account in equal undivided interests unless: (1) the account agreement provides otherwise; or ... Payment of all or part of a multiple-party account to a party to the account discharges the credit union's liability to each party to the ... (a) Unless otherwise provided by the account agreement or a trust agreement, the only effect the death of a party to a multiple-party account has ... Without qualifying another statutory right to a setoff or lien and subject to a contractual provision accepted by the credit union, a credit union has ... A credit union may: (1) open a share or deposit account in the name of a minor; (2) receive a payment on the account by ... (a) If permitted by the credit union's bylaws, a minor: (1) may vote in a meeting of the credit union's members; and (2) is eligible ... (a) A payment or delivery of rights made by a credit union or a federal credit union to any of the following persons in connection ... (a) A credit union may issue shares or receive a deposit: (1) in a revocable trust, if: (A) a settlor is a member of the ... Subject to limitations imposed by this subtitle or a rule adopted under this subtitle, a credit union may make a fully secured loan to a ... A beneficiary who is not a member of a credit union is not required to pay a membership entrance fee. Acts 1997, 75th Leg., ch. ... A beneficiary who is not a member of a credit union may not vote in matters pertaining to, obtain a loan through, or hold office ... The credit union is not required to inquire of a trustee the reason for a transaction or the intended use for money withdrawn or borrowed. ... Payment of all or part of the shares and deposits to a trustee or other person authorized to request present payment on a trust account ... When a trust is terminated, the credit union shall pay money remaining in a trust account as: (1) directed by the trustee; (2) prescribed by ... (a) The death of a trustee does not affect the ownership or disposition of a trust account unless: (1) the trust agreement provides otherwise; or ... (a) For a trust account that is purported to be opened under a written trust agreement, the trustee may provide the credit union with a ... (a) In this section: (1) "Credit union" includes: (A) a credit union organized under the laws of this state; (B) a foreign credit union; and ... (a) A credit union is not required to disclose or produce to a third party or permit a third party to examine a record pertaining ... (a) A credit union or federal credit union doing business in this state is entitled to recover from a third party the reasonable cost actually ... (a) To the extent of a member's direct or indirect indebtedness to a credit union, the credit union has: (1) a lien, enforceable with or ... (a) A credit union may require not longer than 60 days' notice for a withdrawal from a share or deposit account. (b) The commissioner may ... A credit union or federal credit union may maintain and rent safe deposit boxes. Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, ... (a) In the absence of a contract to the contrary, the relationship between a credit union and the renter of a safe deposit box maintained ... (a) In the absence of a contract to the contrary, a credit union shall allow each holder of a safe deposit box jointly held in ... (a) Except as otherwise provided by this section, Sections 125.505 through 125.507, Sections 36B through 36F, Texas Probate Code, or other law, a credit union ... (a) A credit union shall give a lessee of a safe deposit box at least 30 days' notice of the box's relocation. The notice must ... The credit union may treat the cost of certified mailings incurred in connection with each safe deposit box relocation other than the cost of the ... (a) A credit union may relocate a safe deposit box or open the box to relocate its contents to another location if the security of ... (a) A credit union that rents or permits access to a safe deposit box shall: (1) imprint all keys issued to the box after September ... A credit union that has identified the keys to a safe deposit box in accordance with Section 125.508 and that follows applicable law and the ... (a) If the rental of a safe deposit box is delinquent for six months or longer, the credit union may open the box only if: ... (a) If the rental, cost, and damages determined under Section 125.510(d) are not paid before the second anniversary of the date on which the box ... Last modified: August 11, 2007 |
|