Tex. Fin. Code § 125.307 · Subchapter D. TRUST ACCOUNT
TERMINATION OF ACCOUNT.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
When a trust is terminated, the credit union shall pay money remaining in a trust account as:
(1) directed by the trustee;
(2) prescribed by the trust agreement; or
(3) provided by applicable law, in the absence of direction from the trustee or by the trust agreement.
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 158d5da6bcb0a820420c55a9d92fe85f19ecbd309b1ce9ced8120c6c0f9055c0
- 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.