Tex. Fin. Code Section 125.306
Discharge of Liability on Payment


Payment of all or part of the shares and deposits to a trustee or other person authorized to request present payment on a trust account discharges the liability of the credit union to each settlor, trustee, and beneficiary to the extent of the payment.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Source: Section 125.306 — Discharge of Liability on Payment, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­125.­htm#125.­306 (accessed May 25, 2024).

Accessed:
May 25, 2024

§ 125.306’s source at texas​.gov