Texas Finance Code Title 3, Chapter 95 - Deposit Accounts

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 95.001 - Deposits
  (a) A savings bank may receive a deposit of money. (b) Money deposited in a savings bank may be withdrawn or paid on a check...
• Texas Section 95.002 - Limitations On Accounts
  The board may limit the number and value of deposit accounts the savings bank may accept. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff....
• Texas Section 95.003 - Investment In Accounts
  (a) Any person may be the holder of a deposit account. (b) An investment in a deposit account may be made only in cash. (c)...
• Texas Section 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...
• Texas Section 95.005 - Account Ownership
  Unless a savings bank acknowledges in writing a pledge of a deposit account, the savings bank may treat the holder of record of the account...
• Texas Section 95.006 - Transfer Of Account
  (a) A deposit account may be transferred on the books of the savings bank only on presentation to the savings bank of: (1) evidence of...
• Texas Section 95.007 - Interest Or Dividends Paid On Accounts
  (a) A savings bank may contract to pay interest on deposit accounts or may pay earnings on deposit accounts in the form of dividends declared...
• Texas Section 95.008 - Redemption Of Deposit Account
  (a) If no contractual prohibition exists, a savings bank may redeem in the manner the board determines all or part of its deposit accounts if...
• Texas Section 95.009 - Lien On Deposit Account
  (a) Without further agreement or pledge, a savings bank or a federal savings bank doing business in this state has a lien on all deposit...
• Texas Section 95.010 - Account As Legal Investment
  (a) Each of the following persons may invest money held by the person in a deposit account of a savings bank doing business in this...

SUBCHAPTER B PROVISIONS APPLICABLE TO SPECIFIC TYPES OF ACCOUNTS

• Texas Section 95.011 - Applicability Of Estates Code
  The applicable provisions of Subchapter B, Chapter 111, and Chapters 112 and 113, Estates Code, govern deposit accounts held in a savings bank. Acts 1997,...
• Texas Section 95.101 - Account Held By Minor
  (a) A savings bank or a federal savings bank may accept a deposit account from a minor as the sole and absolute owner of the...
• Texas Section 95.102 - Pledge Of Joint Account
  (a) Unless the terms of the account provide otherwise, a person on whose signature money may be withdrawn from a deposit account in the names...
• Texas Section 95.103 - Account Held By Fiduciary
  (a) A savings bank or federal savings bank doing business in this state may accept a deposit account in the name of a fiduciary, including...
• Texas Section 95.104 - Trust Account: Undisclosed Trust Instrument
  (a) If a savings bank opens a deposit account for a person claiming to be the trustee for another and the savings bank has no...
• Texas Section 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...

Last modified: September 28, 2016