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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) An association may issue a new account book or certificate in the name of the holder of record of a savings account if:
(1) the holder or the holder's legal representative requests; and
(2) proof is presented satisfactory to the association that the original book or certificate is lost or destroyed.
(b) A new account book or certificate must expressly state that:
(1) it is issued to replace a lost or destroyed account book or certificate; and
(2) the association may not be held liable on the original account book or certificate.
(c) An association may require indemnification against any loss resulting from issuing a new account book or certificate.
Cite this article: FindLaw.com - Texas Finance Code - FIN § 65.007. Lost or Destroyed Account Book or Certificate - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-65-007/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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