Sec. 125.101. FORM OF ACCOUNT. (a) A member of a credit union or of a federal credit union doing business in this state may designate one or more persons to own a share or deposit account with the member in a multiple-party account.
(b) The account may provide for a right of survivorship.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 125 - Credit Union Accounts and Services
Subchapter B. Multiple-Party Accounts
Section 125.101. Form of Account
Section 125.102. Powers of Account Holders
Section 125.103. Powers of Members Relating to Account
Section 125.104. Ownership Interest
Section 125.105. Discharge of Liability on Payment