Texas § CP.31.010 - TURNOVER BY FINANCIAL INSTITUTION
Full text of Texas The Texas Constitution § CP.31.010 — TURNOVER BY FINANCIAL INSTITUTION, with citation guidance and answers to common questions.
§ CP.31.010. TURNOVER BY FINANCIAL INSTITUTION
TURNOVER BY FINANCIAL INSTITUTION. (a) A financial institution that receives a request to turn over assets or financial information of a judgment debtor to a judgment creditor or a receiver under a turnover order or receivership under Section 31.002 shall be provided and may rely on: (1) a certified copy of the order or injunction of the court; or (2) a certified copy of the order of appointment of a receiver under Section 64.001 , including a certified copy of: (A) any document establishing the qualification of the receiver under Section 64.021 ; (B) the sworn affidavit under Section 64.022 ; and (C) the bond under Section 64.023 . (b) A financial institution that complies with this section is not liable for compliance with a court order, injunction, or receivership authorized by Section 31.002 to: (1) the judgment debtor; (2) a party claiming through the judgment debtor; (3) a co-depositor with the judgment debtor; or (4) a co-borrower with the judgment debtor. (c) A financial institution that complies with this section is entitled to recover reasonable costs, including copying costs, research costs, and, if there is a contest, reasonable attorney's fees. (d) In this section, "financial institution" means a state or national bank, state or federal savings and loan association, state or federal savings bank, state or federal credit union, foreign bank, foreign bank agency, or trust company. Added by Acts 1999, 76th Leg., ch. 892, Sec. 1, eff. Sept. 1, 1999.
Frequently Asked Questions About Texas § CP.31.010
What does The Texas Constitution § CP.31.010 cover?
Section CP.31.010 ("TURNOVER BY FINANCIAL INSTITUTION") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § CP.31.010?
A common citation format is "The Texas Constitution § CP.31.010" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § CP.31.010 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.