Tex. Fin. Code § 65.003 · Subchapter A. GENERAL PROVISIONS
SAVINGS CONTRACT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Each holder of a savings account must execute a savings 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 association shall hold a savings contract in the records pertaining to the account.
(c) A savings contract pertaining to a savings account of a public or governmental entity must provide that the holder of the account may not become a member of the association.
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.65.htm
- Text hash
- sha256 d8d3c8d603f79b8c05ea8385669f6c08783b4aeeb67fa750be2fb504a52b02c4
- 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.