{"data":{"id":"us-tx/tex.-finance-code-125.404","jurisdiction":"us-tx","citation":"Tex. Finance Code § 125.404","heading":"LIENS AND SETOFFS.","body":"(a) To the extent of a member's direct or indirect indebtedness to a credit union, the credit union has:\n(1) a lien, enforceable with or without judicial process, on the member's shares and deposits, accumulated dividends, and interest; and\n(2) a right to set off against the member's shares, deposits, accumulated dividends, and interest.\n(b) A credit union may allow a withdrawal to be made without affecting the credit union's right to a setoff or lien.\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 E. THIRD-PARTY CLAIMS AND OTHER RIGHTS RELATING TO ACCOUNTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.125.htm#125.404","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"ad1b4016569309f6c31813a03537a5572906a78769949ea0b0401ff3e8dc09ea","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-125.403","next":"us-tx/tex.-finance-code-125.405"},"notice":"GroundRules: Original legal text. Not legal advice."}