Tex. Gov't Code § 2116.017 · Subchapter A. ESTABLISHMENT AND ADMINISTRATION OF TEXAS BULLION DEPOSITORY
PLEDGE OF JOINTLY HELD DEPOSITORY ACCOUNT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Unless a term of the depository account provides otherwise, a person on whose signature precious metals may be withdrawn from a depository account that is jointly held in the names of two or more persons may, by a signed pledge, pledge and transfer to the depository or to a third party all or part of the account.
(b) A pledge made as described by Subsection (a) does not sever or terminate the joint and survivorship ownership of the account, to the extent applicable to the account before the pledge.
Notes and commentary — not statutory text
History
Added by Acts 2015, 84th Leg., R.S., Ch. 1000 (H.B. 483), Sec. 1, eff. June 19, 2015.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.2116.htm
- Text hash
- sha256 3b21ccb743bc68b505e957b0a37f291957ccf4bcb83e2324bdf4a99350eb3552
- 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.