125.505 – NOTICE OF BOX RELOCATION. (a) A credit union
Texas Finance Code § 125.505
Summary
This law requires credit unions to notify safe deposit box lessees at least 30 days before relocating their boxes. The notice must include the relocation date, time, and whether the box will be opened during the move.
Credit unions must provide 30 days' notice before relocating boxes.
Notice must include relocation details and opening status.
Lessee must supervise or authorize relocation to receive new box information.
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In simple terms: Learn about Texas's NOTICE OF BOX RELOCATION. (a) A credit union 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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