{"data":{"id":"us-tx/tex.-finance-code-125.306","jurisdiction":"us-tx","citation":"Tex. Finance Code § 125.306","heading":"DISCHARGE OF LIABILITY ON PAYMENT.","body":"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.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE D. CREDIT UNIONS","CHAPTER 125. CREDIT UNION ACCOUNTS AND SERVICES","SUBCHAPTER D. TRUST ACCOUNT"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.125.htm#125.306","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"a4ad60ba8f282f1192d1601fadc57294ebd9ea0f1fc8ee57b8f37849de4aa87f","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-125.305","next":"us-tx/tex.-finance-code-125.307"},"notice":"GroundRules: Original legal text. Not legal advice."}