Texas § 2116.012 TRANSFER OF DEPOSITORY ACCOUNT.

Texas Statutes

§ 2116.012 — TRANSFER OF DEPOSITORY ACCOUNT.

Texas § 2116.012

Code GVGovernment Code

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Bluebook

Tex. Government Code Code Ann. § 2116.012 (2026).

Text

Sec. 2116.012. TRANSFER OF DEPOSITORY ACCOUNT.

(a)A depository account may be transferred on the books of the depository only on presentation to the depository of:

(1)evidence of transfer satisfactory to the depository; and

(2)an application for the transfer submitted by the person to whom the depository account is to be transferred.

(b)A person to whom a depository account is to be transferred must accept the transferred account subject to the terms of the deposit contract, this chapter, and rules adopted under this chapter.

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Sec. 2116.012. TRANSFER OF DEPOSITORY ACCOUNT. (a) A depository account may be transferred on the books of the depository only on presentation to the depository of:
(1) evidence of transfer satisfactory to the depository; and
(2) an application for the transfer submitted by the person to whom the depository account is to be transferred.
(b) A person to whom a depository account is to be transferred must accept the transferred account subject to the terms of the deposit contract, this chapter, and rules adopted under this chapter.