Sec. 125.102. POWERS OF ACCOUNT HOLDERS. (a) A party to a multiple-party account may make a payment on a share or deposit account and a withdrawal subject to the account agreement.
(b) A party to the account may not vote in matters pertaining to, obtain a loan through, or hold office in the credit union unless the party is a member of the credit union.
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