{"data":{"id":"us-tx/tex.-finance-code-125.405","jurisdiction":"us-tx","citation":"Tex. Finance Code § 125.405","heading":"ACCOUNT WITHDRAWALS.","body":"(a) A credit union may require not longer than 60 days' notice for a withdrawal from a share or deposit account.\n(b) The commissioner may impose an advance withdrawal notice requirement following issuance of a cease and desist order under Chapter 122. The commissioner by rule may require that a requirement imposed under this subsection apply to all members of the credit union.\n(c) A membership share may not be withdrawn unless membership in the credit union is terminated.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff.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#125.405","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"c656f51a7010caa70a1c0be7627105567e13a15276d4b39909469e35abc4f152","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-125.404","next":"us-tx/tex.-finance-code-125.501"},"notice":"GroundRules: Original legal text. Not legal advice."}