Section 2116.006 - Demand, Presentment, Withdrawal, Delivery, and Settlement(a) The depository shall deliver any precious metal held by or on behalf of the depository in bullion, specie, or a combination of bullion and specie, on the order of a depository account holder in a quantity of that precious metal as is available in the depository account holder's depository account.(b) The depository shall make a delivery described by Subsection (a) on demand by the presentment of a written demand or digital electronic instruction to the depository or a depository agent. The comptroller may prescribe the forms, standards, and processes through which an order for delivery on demand may be made, presented, and honored.(c) The depository shall make a delivery at the depository's settlement facility designated by the comptroller, shipping to an address specified by the account holder or, at the depository's discretion, at a facility of a depository agent at which presentment is made, not later than 10 business days after the date of presentment.Tex. Gov't. Code § 2116.006
Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 198,Sec. 13, eff. 5/24/2019.Added by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 1000,Sec. 1, eff. 6/19/2015.