Texas Statutes
Subtitle D - Credit Unions
Chapter 125 - Credit Union Accounts and Services

Subchapter A. General Provisions

Section 125.001. Definition - Sec. 125.001. DEFINITION. In this chapter, "multiple-party account" has the...

Section 125.002. Share Account - Sec. 125.002. SHARE ACCOUNT. (a) Shares and membership shares shall...

Section 125.003. Deposit Accounts - Sec. 125.003. DEPOSIT ACCOUNTS. A deposit account consists of payments...

Section 125.004. Construction With Other Laws - Sec. 125.004. CONSTRUCTION WITH OTHER LAWS. This chapter may not...

Subchapter B. Multiple-Party Accounts

Section 125.101. Form of Account - Sec. 125.101. FORM OF ACCOUNT. (a) A member of a...

Section 125.102. Powers of Account Holders - Sec. 125.102. POWERS OF ACCOUNT HOLDERS. (a) A party to...

Section 125.103. Powers of Members Relating to Account - Sec. 125.103. POWERS OF MEMBERS RELATING TO ACCOUNT. Subject to...

Section 125.104. Ownership Interest - Sec. 125.104. OWNERSHIP INTEREST. (a) The parties to a multiple-party...

Section 125.105. Discharge of Liability on Payment - Sec. 125.105. DISCHARGE OF LIABILITY ON PAYMENT. Payment of all...

Section 125.106. Division of Account on Death - Sec. 125.106. DIVISION OF ACCOUNT ON DEATH. (a) Unless otherwise...

Section 125.107. Setoff of Account - Sec. 125.107. SETOFF OF ACCOUNT. Without qualifying another statutory right...

Subchapter C. Minor Accounts

Section 125.201. Powers of Credit Union Relating to Account - Sec. 125.201. POWERS OF CREDIT UNION RELATING TO ACCOUNT. A...

Section 125.202. Voting; Office-Holding - Sec. 125.202. VOTING; OFFICE-HOLDING. (a) If permitted by the credit...

Section 125.203. Discharge of Liability on Payment; Effect on Minor of Required Action - Sec. 125.203. DISCHARGE OF LIABILITY ON PAYMENT; EFFECT ON MINOR...

Subchapter D. Trust Account

Section 125.301. Form of Account - Sec. 125.301. FORM OF ACCOUNT. (a) A credit union may...

Section 125.302. Loans to Nonmember Trustee - Sec. 125.302. LOANS TO NONMEMBER TRUSTEE. Subject to limitations imposed...

Section 125.303. Beneficiary Fees - Sec. 125.303. BENEFICIARY FEES. A beneficiary who is not a...

Section 125.304. Limitations Placed on Beneficiary - Sec. 125.304. LIMITATIONS PLACED ON BENEFICIARY. A beneficiary who is...

Section 125.305. Account Transaction Inquiries - Sec. 125.305. ACCOUNT TRANSACTION INQUIRIES. The credit union is not...

Section 125.306. Discharge of Liability on Payment - Sec. 125.306. DISCHARGE OF LIABILITY ON PAYMENT. Payment of all...

Section 125.307. Termination of Account - Sec. 125.307. TERMINATION OF ACCOUNT. When a trust is terminated,...

Section 125.308. Effect of Death of Trustee on Account - Sec. 125.308. EFFECT OF DEATH OF TRUSTEE ON ACCOUNT. (a)...

Section 125.309. Trust Account With Limited Documentation - Sec. 125.309. TRUST ACCOUNT WITH LIMITED DOCUMENTATION. (a) For a...

Subchapter E. Third-Party Claims and Other Rights Relating to Accounts

Section 125.401. Third-Party Claim - Sec. 125.401. THIRD-PARTY CLAIM. (a) In this section: (1) "Credit...

Section 125.402. Disclosure of Records of Member; Confidentiality - Sec. 125.402. DISCLOSURE OF RECORDS OF MEMBER; CONFIDENTIALITY. (a) A...

Section 125.403. Recovery of Document Production Expenses From Third Party - Sec. 125.403. RECOVERY OF DOCUMENT PRODUCTION EXPENSES FROM THIRD PARTY....

Section 125.404. Liens and Setoffs - Sec. 125.404. LIENS AND SETOFFS. (a) To the extent of...

Section 125.405. Account Withdrawals - Sec. 125.405. ACCOUNT WITHDRAWALS. (a) A credit union may require...

Subchapter F. Safe Deposit Boxes

Section 125.501. Rental of Safe Deposit Box - Sec. 125.501. RENTAL OF SAFE DEPOSIT BOX. A credit union...

Section 125.502. Relationship Between Credit Union and Box Holder - Sec. 125.502. RELATIONSHIP BETWEEN CREDIT UNION AND BOX HOLDER. (a)...

Section 125.503. Access by More Than One Person - Sec. 125.503. ACCESS BY MORE THAN ONE PERSON. (a) In...

Section 125.504. Relocation of Safe Deposit Box; Inventory of Contents - Sec. 125.504. RELOCATION OF SAFE DEPOSIT BOX; INVENTORY OF CONTENTS....

Section 125.505. Notice of Box Relocation - Sec. 125.505. NOTICE OF BOX RELOCATION. (a) A credit union...

Section 125.506. Cost of Notice as Box Rental - Sec. 125.506. COST OF NOTICE AS BOX RENTAL. The credit...

Section 125.507. Emergency Relocation of Safe Deposit Box - Sec. 125.507. EMERGENCY RELOCATION OF SAFE DEPOSIT BOX. (a) A...

Section 125.508. Key Imprinting - Sec. 125.508. KEY IMPRINTING. (a) A credit union that rents...

Section 125.509. Liability for Access to or Removal of Contents - Sec. 125.509. LIABILITY FOR ACCESS TO OR REMOVAL OF CONTENTS....

Section 125.510. Delinquent Rents - Sec. 125.510. DELINQUENT RENTS. (a) If the rental of a...

Section 125.511. Auction of Contents - Sec. 125.511. AUCTION OF CONTENTS. (a) If the rental, cost,...