Texas Finance Code Title 3, Chapter 65 - Savings Accounts

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 65.001 - Limitations On 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....
• Texas Section 65.002 - Investment In Accounts
  (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)...
• Texas Section 65.003 - Savings Contract
  (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...
• Texas Section 65.004 - Evidence Of Account
  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.,...
• Texas Section 65.005 - Account Ownership
  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...
• Texas Section 65.006 - Transfer Of Account
  (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...
• Texas Section 65.007 - Lost Or Destroyed Account Book Or Certificate
  (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)...
• Texas Section 65.008 - Account Withdrawals
  (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...
• Texas Section 65.009 - Interest Or Dividends Paid On Accounts
  (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...
• Texas Section 65.010 - Redemption Of Savings Account
  (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...
• Texas Section 65.011 - Lien On Savings Account
  (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...
• Texas Section 65.012 - Priority Of Accounts; Notice Of Withdrawal
  (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...

SUBCHAPTER B PROVISIONS APPLICABLE TO SPECIFIC TYPES OF ACCOUNTS

• Texas Section 65.013 - Account As Legal Investment
  (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)...
• Texas Section 65.101 - Account Held By Minor
  (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...
• Texas Section 65.102 - Account Held By More Than One Person
  (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...
• Texas Section 65.103 - Joint Tenancy Account Held By Husband And Wife
  (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...
• Texas Section 65.104 - Pledge Of Joint Account
  (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...
• Texas Section 65.105 - Account Held By Fiduciary
  (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...
• Texas Section 65.106 - Trust Account; Undisclosed Trust Instrument
  (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...
• Texas Section 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...

Last modified: September 28, 2016