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State Law
Federal Law
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Texas Finance Code - Chapter 65 Savings AccountsLegal Research Home > Texas Lawyer > Finance Code > Texas Finance Code - Chapter 65 Savings Accounts The board of directors of an association may limit the number and value of savings accounts the association may accept. Acts 1997, 75th Leg., ch. ... (a) Any person may be the holder of a savings account. (b) An investment in a savings account may be made only in cash. (c) ... (a) Each holder of a savings account must execute a savings contract. The contract must specify: (1) any special terms applicable to the account; and ... An association shall issue an account book or certificate to the holder of a savings account as evidence of the account. Acts 1997, 75th Leg., ... Unless an association has acknowledged in writing a pledge of a savings account, the association may treat the holder of record of the account as ... (a) A savings account may be transferred only on the books of an association on presentation to the association of: (1) evidence of transfer satisfactory ... (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) ... (a) A savings account holder at any time may present a written order for withdrawal of all or part of the holder's account except to ... (a) An association whose bylaws contain the provision authorized by Section 65.012 may contract to pay interest on savings accounts. (b) An association whose bylaws ... (a) An association may redeem in the manner the board determines all or part of its savings accounts if the association: (1) redeems the accounts ... (a) Without further agreement or pledge, an association or a federal association doing business in this state has a lien on all savings accounts owned ... (a) An association's bylaws may provide that on voluntary or involuntary liquidation, dissolution, or winding up of the association, or in any other situation in ... (a) Each of the following persons may invest money held by the person in a savings account of an association or a federal association: (1) ... (a) An association or a federal savings and loan association doing business in this state may accept a savings account from a minor as the ... (a) If a savings account is opened in an association or a federal savings and loan association doing business in this state in the names ... (a) A husband and wife may enter into a savings contract that creates a joint tenancy with right of survivorship with respect to community property ... (a) Unless the terms of the savings account provide otherwise, a person on whose signature money may be withdrawn from an account in the names ... (a) An association or a federal savings and loan association doing business in this state may accept a savings account in the name of a ... (a) If an association opens a savings account for a person claiming to be the trustee for another and the association has no other written ... (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 ... Last modified: August 10, 2007 |