Tex. Finance Code § 125.405
This is the official text of Tex. Finance Code § 125.405, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 125.405. ACCOUNT WITHDRAWALS.
Official statutory text
(a) A credit union may require not longer than 60 days' notice for a withdrawal from a share or deposit account.
(b) The commissioner may impose an advance withdrawal notice requirement following issuance of a cease and desist order under Chapter 122. The commissioner by rule may require that a requirement imposed under this subsection apply to all members of the credit union.
(c) A membership share may not be withdrawn unless membership in the credit union is terminated.
(b) The commissioner may impose an advance withdrawal notice requirement following issuance of a cease and desist order under Chapter 122. The commissioner by rule may require that a requirement imposed under this subsection apply to all members of the credit union.
(c) A membership share may not be withdrawn unless membership in the credit union is terminated.
Status: in_force · Read it on the official government site
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