Texas Finance Code § 95.105 Power Of Attorney Account

Sec. 95.105. POWER OF ATTORNEY ACCOUNT. (a) A savings bank 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 deposit account of a member until the savings bank 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, 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

Last modified: September 28, 2016