Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 125.306: DISCHARGE OF LIABILITY ON PAYMENT.

Where this section sits in the code

FINANCE CODE
TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
SUBTITLE D. CREDIT UNIONS
CHAPTER 125. CREDIT UNION ACCOUNTS AND SERVICES
SUBCHAPTER D. TRUST ACCOUNT

Payment of all or part of the shares and deposits to a trustee or other person authorized to request present payment on a trust account discharges the liability of the credit union to each settlor, trustee, and beneficiary to the extent of the payment.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Collected 2026-08-27T01:47:13Z. Source file · JSON

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