125.102 – POWERS OF ACCOUNT HOLDERS. (a) A party to a
Texas Finance Code § 125.102
Summary
This law outlines the powers of account holders in a multiple-party account, allowing them to make payments and withdrawals according to the account agreement. However, only members of the credit union can vote, obtain loans, or hold office within the credit union.
Account holders can make payments and withdrawals as per the agreement.
Voting and loan access require membership in the credit union.
Non-members cannot hold office in the credit union.
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In simple terms: Learn about Texas's POWERS OF ACCOUNT HOLDERS. (a) A party to a law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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