Tex. Codes » Finance Code · TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES · SUBTITLE B. SAVINGS AND LOAN ASSOCIATIONS · CHAPTER 65. SAVINGS ACCOUNTS
Texas Codes

Tex. Fin. Code § 65.106 (2026)

Trust Account; Undisclosed Trust Instrument

✓ laws through the 89th Legislature (2025)
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Sec. 65.106. TRUST ACCOUNT; UNDISCLOSED TRUST INSTRUMENT. (a) If an association opens a savings account for a person claiming to be the trustee for another and the association has no other written notice of the existence or terms of a trust:

(1) the person claiming to be the trustee may, on the person's signature, withdraw money from the account; and

(2) if that person dies, an association may pay the withdrawal value of all or part of the account, plus dividends on the account, to the person for whom the account was opened.

(b) An association has no further liability for a payment made under Subsection (a).

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Notes of Decisions
Cited in 2 cases, 2000–2001 · leading case: Bank of Am., N.A. v. Haag, 37 S.W.3d 55 (Tex. App.—San Antonio 2001).
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Bank of Am., N.A. v. Haag, 37 S.W.3d 55 (Tex. App.—San Antonio 2001). “See Tex. Fin.Code Ann. § 65.106(a) (Vernon 1998).”
Bank of Am., N.A. v. Thomas P. Haag, No. 04-00-00260-CV (Tex. App.—San Antonio Nov. 8, 2000). “See Tex. Fin. Code Ann. § 65.106 (a) (Vernon 1998).”
Tex. Fin. Code § 65.106(a): 1 case
Bank of Am., N.A. v. Haag, 37 S.W.3d 55 (Tex. App.—San Antonio 2001). “See Tex. Fin.Code Ann. § 65.106(a) (Vernon 1998).”
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