Texas Finance Code 65.006 – Transfer of Account
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(a) A savings account may be transferred only on the books of an association on presentation to the association of:
(1) evidence of transfer satisfactory to the association; and
(2) an application for transfer by the transferee.
(b) A transferee accepts an account subject to the terms of the:
(1) savings contract; and
(2) association’s charter and bylaws.
Terms Used In Texas Finance Code 65.006
- Contract: A legal written agreement that becomes binding when signed.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.