34 Tex. Admin. Code § 14.14

Current through Reg. 49, No. 43; October 25, 2024
Section 14.14 - Confiscations, Requisitions, Seizures, and Certain Other Actions

On receipt of notice of any transaction described by Government Code, § 2116.023(a), with respect to all or any portion of the balance of a depository account, the depository shall refer the matter to the appropriate agency for resolution. Until the matter is resolved, the depository shall suspend withdrawal privileges associated with the balances of the depository account. The depository may prescribe procedures to allow voluntary transfers of depository account balances among depository account holders to continue to take place unaffected by the suspension as authorized by this chapter or other applicable law.

34 Tex. Admin. Code § 14.14

Adopted by Texas Register, Volume 42, Number 51, December 22, 2017, TexReg 7411, eff. 12/27/2017