Texas § FI.125.203 - DISCHARGE OF LIABILITY ON PAYMENT
Full text of Texas The Texas Constitution § FI.125.203 — DISCHARGE OF LIABILITY ON PAYMENT, with citation guidance and answers to common questions.
§ FI.125.203. DISCHARGE OF LIABILITY ON PAYMENT
DISCHARGE OF LIABILITY ON PAYMENT; EFFECT ON MINOR OF REQUIRED ACTION. (a) A payment or delivery of rights made by a credit union or a federal credit union to any of the following persons in connection with an account in the name of a minor discharges the credit union or federal credit union to the extent of the payment or delivery: (1) the minor; (2) a party to the account; or (3) the parent or guardian of a deceased minor. (b) The payment and a receipt, pledge, or other action required by the credit union is binding on the minor as if the minor had the capacity of an adult. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. SUBCHAPTER D. TRUST ACCOUNT
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.125.203
What does The Texas Constitution § FI.125.203 cover?
Section FI.125.203 ("DISCHARGE OF LIABILITY ON PAYMENT") 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 § FI.125.203?
A common citation format is "The Texas Constitution § FI.125.203" (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 § FI.125.203 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.