Depository Accounts Not Interest-Bearing

Sec. 2116.013. DEPOSITORY ACCOUNTS NOT INTEREST-BEARING. The depository may not pay on a depository account: (1) interest; (2) an amount in the nature of interest; or (3) a fee or other payment for the use or forbearance of use of money, bullion, specie, or precious metals deposited to a depository account. Added by Acts 2015, 84th Leg., R.S., Ch. 1000 (H.B. 483), Sec. 1, eff. June 19, 2015.