Tex. Finance Code § 125.503
ACCESS BY MORE THAN ONE PERSON
Texas · Texas Finance Code · Status: effective
Cite this
- Citation
- Tex. Finance Code § 125.503, ACCESS BY MORE THAN ONE PERSON, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/646033
- Permanent ID
ys:prov:646033@1- SHA-256
bd681a4e37217b5dc8d1e9846f96d73cf3be127c8894b7ae2409e1b163997681
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) 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.