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Texas Finance Code - FIN § 95.004. Deposit Contract

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

(a) Each holder of a deposit account must execute a deposit contract. The contract must specify:

(1) any special terms applicable to the account; and

(2) the conditions on which withdrawals may be made.

(b) The savings bank shall hold the deposit contract in the records pertaining to the account.

(c) A deposit contract pertaining to a deposit account of a public or governmental entity must provide that the holder of the account may not become a member of the savings bank.

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Cite this article: FindLaw.com - Texas Finance Code - FIN § 95.004. Deposit Contract - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-95-004/

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