Tex. Finance Code § 125.307
This is the official text of Tex. Finance Code § 125.307, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 125.307. TERMINATION OF ACCOUNT.
Official statutory text
When a trust is terminated, the credit union shall pay money remaining in a trust account as:
(1) directed by the trustee;
(2) prescribed by the trust agreement; or
(3) provided by applicable law, in the absence of direction from the trustee or by the trust agreement.
(1) directed by the trustee;
(2) prescribed by the trust agreement; or
(3) provided by applicable law, in the absence of direction from the trustee or by the trust agreement.
Status: in_force · Read it on the official government site
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