Powers of Credit Union Relating To Account

Sec. 125.201. POWERS OF CREDIT UNION RELATING TO ACCOUNT. A credit union may: (1) open a share or deposit account in the name of a minor; (2) receive a payment on the account by or for the minor; (3) pay withdrawals; (4) accept pledges to the credit union by or for the minor; and (5) act in any other matter with respect to an account on the order of a minor. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.