Sec. 95.004. DEPOSIT CONTRACT. (a) Each holder of a deposit account must execute a deposit contract. The contract must specify:
(1) any special terms applicable to the account; and
(2) the conditions on which withdrawals may be made.
(b) The savings bank shall hold the deposit contract in the records pertaining to the account.
(c) A deposit contract pertaining to a deposit account of a public or governmental entity must provide that the holder of the account may not become a member of the savings bank.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Section: Previous 95.001 95.002 95.003 95.004 95.005 95.006 95.007 95.008 95.009 95.010 95.011 95.101 95.102 95.103 95.104 NextLast modified: September 28, 2016