Tex. Finance Code § 95.104
TRUST ACCOUNT: UNDISCLOSED TRUST INSTRUMENT
Texas · Texas Finance Code · Status: effective
Cite this
- Citation
- Tex. Finance Code § 95.104, TRUST ACCOUNT: UNDISCLOSED TRUST INSTRUMENT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645733
- Permanent ID
ys:prov:645733@1- SHA-256
ce21de2b3d158674861153b1a002fe3cc93dce091264d81a6637951114b1503e
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) If a savings bank opens a deposit account for a person claiming to be the trustee for another and the savings bank has no other notice of the existence or terms of a trust other than a written claim against the account:
(1) the person claiming to be the trustee may, on the person's signature, withdraw money from the account; and
(2) if that person dies, the savings bank may pay the withdrawal value of all or part of the account, plus earnings on the account, to the person for whom the account was opened.
(b) A savings bank has no further liability for a payment made under Subsection (a).