Tex. Gov't Code § 2116.012

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 2116.012 - Transfer of Depository Account

(a) A depository account may be transferred on the books of the depository only on presentation to the depository of:

(1) evidence of transfer satisfactory to the depository; and

(2) an application for the transfer submitted by the person to whom the depository account is to be transferred.

(b) A person to whom a depository account is to be transferred must accept the transferred account subject to the terms of the deposit contract, this chapter, and rules adopted under this chapter.

Tex. Gov't. Code § 2116.012

Added by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 1000,Sec. 1, eff. 6/19/2015.