(a) A savings account holder at any time may present a written order for withdrawal of all or part of the holder's account except to the extent the account is pledged to the association or to another person on the association's books.
(b) The association may:
(1) pay in full a withdrawal order as presented; and
(2) collect an early withdrawal penalty provided by the certificate or contract applicable to the account.
(c) With the approval of the Finance Commission of Texas and the governor, the commissioner may impose a uniform limitation on amounts withdrawable from savings accounts of associations if that limitation is necessary in the public interest.