Tex. Fin. Code § 125.105

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 125.105 - Discharge of Liability on Payment

Payment of all or part of a multiple-party account to a party to the account discharges the credit union's liability to each party to the extent of the payment.

Tex. Fin. Code § 125.105

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.