Tex. Fin. Code § 125.306
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Payment of all or part of the shares and deposits to a trustee or other person authorized to request present payment on a trust account discharges the liability of the credit union to each settlor, trustee, and beneficiary to the extent of the payment.
Tex. Fin. Code § 125.306