Texas Finance Code 95.003 – Investment in Accounts
Current as of: 2024 | Check for updates
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(a) Any person may be the holder of a deposit account.
(b) An investment in a deposit account may be made only in cash.
Terms Used In Texas Finance Code 95.003
- Fiduciary: A trustee, executor, or administrator.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
(c) A person may invest in a deposit account in the person’s own right or in a trust or other fiduciary capacity.