Texas § 125.503 ACCESS BY MORE THAN ONE PERSON.

Texas Statutes

§ 125.503 — ACCESS BY MORE THAN ONE PERSON.

Texas § 125.503

Code FIFinance Code

This text of Texas § 125.503 (ACCESS BY MORE THAN ONE PERSON.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Finance Code Code Ann. § 125.503 (2026).

Text

Sec. 125.503. ACCESS BY MORE THAN ONE PERSON.

(a)In the absence of a contract to the contrary, a credit union shall allow each holder of a safe deposit box jointly held in the name of two or more persons or a person other than the lessee designated in the lease agreement:

(1)access to the box; and

(2)removal of its contents.

(b)A credit union is not responsible for damage arising because a holder or other designated person had access to the box or removed its contents.

(c)The death of a holder of a jointly held safe deposit box does not affect the right of another holder or other designated person to have access to and remove contents from the box.

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Sec. 125.503. ACCESS BY MORE THAN ONE PERSON. (a) In the absence of a contract to the contrary, a credit union shall allow each holder of a safe deposit box jointly held in the name of two or more persons or a person other than the lessee designated in the lease agreement:
(1) access to the box; and
(2) removal of its contents.
(b) A credit union is not responsible for damage arising because a holder or other designated person had access to the box or removed its contents.
(c) The death of a holder of a jointly held safe deposit box does not affect the right of another holder or other designated person to have access to and remove contents from the box.