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Tex. Civil Practice and Remedies Code § 31.010

TURNOVER BY FINANCIAL INSTITUTION

Texas · Texas Civil Practice and Remedies Code · Status: effective

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Tex. Civil Practice and Remedies Code § 31.010, TURNOVER BY FINANCIAL INSTITUTION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/632332
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(a) A financial institution that receives a request to turn over assets or financial information of a judgment debtor to a judgment creditor or a receiver under a turnover order or receivership under Section 31.002 shall be provided and may rely on: (1) a certified copy of the order or injunction of the court; or (2) a certified copy of the order of appointment of a receiver under Section 64.001, including a certified copy of: (A) any document establishing the qualification of the receiver under Section 64.021; (B) the sworn affidavit under Section 64.022; and (C) the bond under Section 64.023. (b) A financial institution that complies with this section is not liable for compliance with a court order, injunction, or receivership authorized by Section 31.002 to: (1) the judgment debtor; (2) a party claiming through the judgment debtor; (3) a co-depositor with the judgment debtor; or (4) a co-borrower with the judgment debtor. (c) A financial institution that complies with this section is entitled to recover reasonable costs, including copying costs, research costs, and, if there is a contest, reasonable attorney's fees. (d) In this section, "financial institution" means a state or national bank, state or federal savings and loan association, state or federal savings bank, state or federal credit union, foreign bank, foreign bank agency, or trust company.