Sec. 125.509. LIABILITY FOR ACCESS TO OR REMOVAL OF CONTENTS. A credit union that has identified the keys to a safe deposit box in accordance with Section 125.508 and that follows applicable law and the credit union's established security procedures in permitting access to the box is not liable for damages arising because of access to or removal of the box's contents.
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 F. Safe Deposit Boxes
Section 125.501. Rental of Safe Deposit Box
Section 125.502. Relationship Between Credit Union and Box Holder
Section 125.503. Access by More Than One Person
Section 125.504. Relocation of Safe Deposit Box; Inventory of Contents
Section 125.505. Notice of Box Relocation
Section 125.506. Cost of Notice as Box Rental
Section 125.507. Emergency Relocation of Safe Deposit Box
Section 125.508. Key Imprinting
Section 125.509. Liability for Access to or Removal of Contents