Tex. Fin. Code § 65.107 · Subchapter B. PROVISIONS APPLICABLE TO SPECIFIC TYPES OF ACCOUNTS
POWER OF ATTORNEY ACCOUNT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An association or a federal association doing business in this state may continue to recognize the authority of an attorney-in-fact authorized in writing to manage or withdraw money from a savings account of a member until the association receives written or actual notice of the revocation of that authority.
(b) For purposes of this section, written notice of the death or adjudication of incompetency of a member is considered to be written notice of revocation of the authority of the member's attorney-in-fact.
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 dc9e3139adf56ae7beebe2a35848ca2d57ef41ba0dfe8a9ef6a05f5528bdaf2b
- 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.