Sec. 65.007. LOST OR DESTROYED ACCOUNT BOOK OR CERTIFICATE. (a) An association may issue a new account book or certificate in the name of the holder of record of a savings account if:
(1) the holder or the holder's legal representative requests; and
(2) proof is presented satisfactory to the association that the original book or certificate is lost or destroyed.
(b) A new account book or certificate must expressly state that:
(1) it is issued to replace a lost or destroyed account book or certificate; and
(2) the association may not be held liable on the original account book or certificate.
(c) An association may require indemnification against any loss resulting from issuing a new account book or certificate.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Subtitle B - Savings and Loan Associations
Subchapter A. General Provisions
Section 65.001. Limitations on Accounts
Section 65.002. Investment in Accounts
Section 65.003. Savings Contract
Section 65.004. Evidence of Account
Section 65.005. Account Ownership
Section 65.006. Transfer of Account
Section 65.007. Lost or Destroyed Account Book or Certificate
Section 65.008. Account Withdrawals
Section 65.009. Interest or Dividends Paid on Accounts
Section 65.010. Redemption of Savings Account
Section 65.011. Lien on Savings Account