Tex. Fin. Code § 125.201 · Subchapter C. MINOR ACCOUNTS
POWERS OF CREDIT UNION RELATING TO ACCOUNT.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
A credit union may:
(1) open a share or deposit account in the name of a minor;
(2) receive a payment on the account by or for the minor;
(3) pay withdrawals;
(4) accept pledges to the credit union by or for the minor; and
(5) act in any other matter with respect to an account on the order of a minor.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.125.htm
- Text hash
- sha256 f244329eb9fbc1217675d4cca5aea74dee03c54810f957e0131ff68704687d2f
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.