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Texas Finance Code - FIN § 125.307. Termination of Account

Current as of January 01, 2024 | Updated by Findlaw Staff

When a trust is terminated, the credit union shall pay money remaining in a trust account as:

(1) directed by the trustee;

(2) prescribed by the trust agreement; or

(3) provided by applicable law, in the absence of direction from the trustee or by the trust agreement.

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Cite this article: FindLaw.com - Texas Finance Code - FIN § 125.307. Termination of Account - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-125-307/

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