Tex. Fin. Code Section 125.307
Termination of Account


When a trust is terminated, the credit union shall pay money remaining in a trust account as:

(1)

directed by the trustee;

(2)

prescribed by the trust agreement; or

(3)

provided by applicable law, in the absence of direction from the trustee or by the trust agreement.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Source: Section 125.307 — Termination of Account, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­125.­htm#125.­307 (accessed May 25, 2024).

Accessed:
May 25, 2024

§ 125.307’s source at texas​.gov