Sec. 95.004. DEPOSIT CONTRACT. (a) Each holder of a deposit account must execute a deposit contract. The contract must specify:
(1) any special terms applicable to the account; and
(2) the conditions on which withdrawals may be made.
(b) The savings bank shall hold the deposit contract in the records pertaining to the account.
(c) A deposit contract pertaining to a deposit account of a public or governmental entity must provide that the holder of the account may not become a member of the savings bank.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Subchapter A. General Provisions
Section 95.002. Limitations on Accounts
Section 95.003. Investment in Accounts
Section 95.004. Deposit Contract
Section 95.005. Account Ownership
Section 95.006. Transfer of Account
Section 95.007. Interest or Dividends Paid on Accounts
Section 95.008. Redemption of Deposit Account
Section 95.009. Lien on Deposit Account