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Texas Finance Code - FIN § 125.405. Account Withdrawals

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

(a) A credit union may require not longer than 60 days' notice for a withdrawal from a share or deposit account.

(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.

(c) A membership share may not be withdrawn unless membership in the credit union is terminated.

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Cite this article: FindLaw.com - Texas Finance Code - FIN § 125.405. Account Withdrawals - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-125-405/

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