Sec. 125.105. DISCHARGE OF LIABILITY ON PAYMENT. Payment of all or part of a multiple-party account to a party to the account discharges the credit union's liability to each party to the extent of the payment.
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