Sec. 65.008. ACCOUNT WITHDRAWALS. (a) A savings account holder at any time may present a written order for withdrawal of all or part of the holder's account except to the extent the account is pledged to the association or to another person on the association's books.
(b) The association may:
(1) pay in full a withdrawal order as presented; and
(2) collect an early withdrawal penalty provided by the certificate or contract applicable to the account.
(c) With the approval of the Finance Commission of Texas and the governor, the commissioner may impose a uniform limitation on amounts withdrawable from savings accounts of associations if that limitation is necessary in the public interest.
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