Texas § FI.95.009 - LIEN ON DEPOSIT ACCOUNT
Full text of Texas The Texas Constitution § FI.95.009 — LIEN ON DEPOSIT ACCOUNT, with citation guidance and answers to common questions.
§ FI.95.009. LIEN ON DEPOSIT ACCOUNT
LIEN ON DEPOSIT ACCOUNT. (a) Without further agreement or pledge, a savings bank or a federal savings bank doing business in this state has a lien on all deposit accounts owned by an account holder to whom or on whose behalf the savings bank has advanced money by loan or otherwise. (b) On default in the payment or satisfaction of the account holder's obligation, the savings bank, without notice to or consent of the account holder, may cancel on its books all or part of the account holder's deposit account and apply that amount to payment of the obligation. (c) The savings bank by written instrument may waive its lien in whole or in part on a deposit account. (d) A savings bank may take the pledge of a deposit account of the savings bank that is owned by an account holder other than the borrower as additional security for a loan secured by: (1) a deposit account; (2) real property; or (3) both a deposit account and real property. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Frequently Asked Questions About Texas § FI.95.009
What does The Texas Constitution § FI.95.009 cover?
Section FI.95.009 ("LIEN ON DEPOSIT ACCOUNT") 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.95.009?
A common citation format is "The Texas Constitution § FI.95.009" (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.95.009 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.