Tex. Fin. Code § 125.502 · Subchapter F. SAFE DEPOSIT BOXES
RELATIONSHIP BETWEEN CREDIT UNION AND BOX HOLDER.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In the absence of a contract to the contrary, the relationship between a credit union and the renter of a safe deposit box maintained at the credit union is that of lessor and lessee and landlord and tenant. The rights and liabilities of the credit union are governed by the law governing those relationships.
(b) The lessee is for all purposes in possession of the box and its contents.
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 af466499810e88ab260f34b6311f8d6faf45af5cfba545ac9c3bb74ec32f4534
- 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.