Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 65.107 - Power of Attorney Account(a) An association or a federal association doing business in this state may continue to recognize the authority of an attorney-in-fact authorized in writing to manage or withdraw money from a savings account of a member until the association receives written or actual notice of the revocation of that authority.(b) For purposes of this section, written notice of the death or adjudication of incompetency of a member is considered to be written notice of revocation of the authority of the member's attorney-in-fact. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.