Sec. 65.104. PLEDGE OF JOINT ACCOUNT. (a) Unless the terms of the savings account provide otherwise, a person on whose signature money may be withdrawn from an account in the names of two or more persons may, by a signed pledge, pledge and transfer to the association or federal association all or part of the account.
(b) A pledge made under Subsection (a) does not sever or terminate the joint and survivorship ownership of the account.
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 B. Provisions Applicable to Specific Types of Accounts
Section 65.101. Account Held by Minor
Section 65.102. Account Held by More Than One Person
Section 65.103. Joint Tenancy Account Held by Husband and Wife
Section 65.104. Pledge of Joint Account
Section 65.105. Account Held by Fiduciary