125.308 – Payment made under this section for all or part of the
Texas Finance Code § 125.308
Summary
This law allows credit unions to make payments from an account without being liable for competing claims, unless they are aware of a court order restricting payment. It provides credit unions with protection when disbursing funds, ensuring they can operate without fear of legal repercussions from unknown claims.
Credit unions are protected from liability when making payments.
Payments can be made despite competing claims unless a court order is known.
Credit unions are not required to accept accounts under this section.
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In simple terms: Learn about Texas's Payment made under this section for all or part of the 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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