Tex. Fin. Code § 125.503

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 125.503 - Access By More Than One Person
(a) In the absence of a contract to the contrary, a credit union shall allow each holder of a safe deposit box jointly held in the name of two or more persons or a person other than the lessee designated in the lease agreement:
(1) access to the box; and
(2) removal of its contents.
(b) A credit union is not responsible for damage arising because a holder or other designated person had access to the box or removed its contents.
(c) The death of a holder of a jointly held safe deposit box does not affect the right of another holder or other designated person to have access to and remove contents from the box.

Tex. Fin. Code § 125.503

Amended by Acts 1999, 76th Leg., ch. 87, Sec. 5, eff. 9/1/1999.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.