(a) A member of a credit union or of a federal credit union doing business in this state may designate one or more persons to own a share or deposit account with the member in a multiple-party account.
(b) The account may provide for a right of survivorship.

Terms Used In Texas Finance Code 125.101

  • Right of survivorship: The ownership rights that result in the acquisition of title to property by reason of having survived other co-owners.
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