Tex. Fin. Code § 125.107

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 125.107 - Setoff of Account

Without qualifying another statutory right to a setoff or lien and subject to a contractual provision accepted by the credit union, a credit union has the right of setoff against the entire amount of a multiple-party account in which a party to the account is indebted to the credit union.

Tex. Fin. Code § 125.107

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