Tex. Fin. Code § 65.008 · Subchapter A. GENERAL PROVISIONS
ACCOUNT WITHDRAWALS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A savings account holder at any time may present a written order for withdrawal of all or part of the holder's account except to the extent the account is pledged to the association or to another person on the association's books.
(b) The association may:
(1) pay in full a withdrawal order as presented; and
(2) collect an early withdrawal penalty provided by the certificate or contract applicable to the account.
(c) With the approval of the Finance Commission of Texas and the governor, the commissioner may impose a uniform limitation on amounts withdrawable from savings accounts of associations if that limitation is necessary in the public interest.
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 a5cac111c4bd6e399816eaf27131747168db51474c1aaf1983ef8b29f8b5d17c
- 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.