Texas Statutes
§ 65.009 — INTEREST OR DIVIDENDS PAID ON ACCOUNTS.
Texas § 65.009
JurisdictionTexas
Code FIFinance Code
This text of Texas § 65.009 (INTEREST OR DIVIDENDS PAID ON ACCOUNTS.) 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. § 65.009 (2026).
Text
Sec. 65.009. INTEREST OR DIVIDENDS PAID ON ACCOUNTS.
(a)An association whose bylaws contain the provision authorized by Section 65.012 may contract to pay interest on savings accounts.
(b)An association whose bylaws do not contain the provision authorized by Section 65.012 may pay earnings on savings accounts in the form of dividends declared by the association's board.
(c)An association shall compute and pay interest and dividends according to rules of the finance commission.
(d)An association shall credit a dividend to a savings account on the association's books unless the account holder requests and the association has agreed that the association will pay dividends on the account in cash.
(e)An association may pay a cash dividend by check or bank draft.
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Legislative History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 867, Sec. 30, eff. Sept. 1, 2001.
Nearby Sections
15
§ 65.001
LIMITATIONS ON ACCOUNTS.§ 65.002
INVESTMENT IN ACCOUNTS.§ 65.003
SAVINGS CONTRACT.§ 65.004
EVIDENCE OF ACCOUNT.§ 65.005
ACCOUNT OWNERSHIP.§ 65.006
TRANSFER OF ACCOUNT.§ 65.008
ACCOUNT WITHDRAWALS.§ 65.010
REDEMPTION OF SAVINGS ACCOUNT.§ 65.011
LIEN ON SAVINGS ACCOUNT.§ 65.013
ACCOUNT AS LEGAL INVESTMENT.§ 65.101
ACCOUNT HELD BY MINOR.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 65.009, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/65.009.