Texas Statutes (Last Updated: January 4, 2014) |
FINANCE CODE |
Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES |
Subtitle C. SAVINGS BANKS |
Chapter 95. DEPOSIT ACCOUNTS |
Subchapter A. GENERAL PROVISIONS |
Sec. 95.003. INVESTMENT IN ACCOUNTS
Latest version.
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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.
(c) A person may invest in a deposit account in the person's own right or in a trust or other fiduciary capacity.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.