Tex. Finance Code § 125.502
This is the official text of Tex. Finance Code § 125.502, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 125.502. RELATIONSHIP BETWEEN CREDIT UNION AND BOX HOLDER.
Official statutory text
(a) In the absence of a contract to the contrary, the relationship between a credit union and the renter of a safe deposit box maintained at the credit union is that of lessor and lessee and landlord and tenant. The rights and liabilities of the credit union are governed by the law governing those relationships.
(b) The lessee is for all purposes in possession of the box and its contents.
(b) The lessee is for all purposes in possession of the box and its contents.
Status: in_force · Read it on the official government site
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