(a) Any person may be the holder of a deposit account.
(b) An investment in a deposit account may be made only in cash.
(c) A person may invest in a deposit account in the person's own right or in a trust or other fiduciary capacity.
Tex. Fin. Code § 95.003
INVESTMENT IN ACCOUNTS
Known as the Texas Savings Bank Act
The act spans §§ 91–119 (255 sections).
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.