Tex. Fin. Code Section 125.107
Setoff of Account


Without qualifying another statutory right to a setoff or lien and subject to a contractual provision accepted by the credit union, a credit union has the right of setoff against the entire amount of a multiple-party account in which a party to the account is indebted to the credit union.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Source: Section 125.107 — Setoff of Account, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­125.­htm#125.­107 (accessed May 25, 2024).

Accessed:
May 25, 2024

§ 125.107’s source at texas​.gov