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A BILL TO BE ENTITLED
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AN ACT
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relating to a uniform process by which financial institutions make |
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deposited funds available to account holders. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter D, Chapter 11, Finance Code, is |
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amended by adding Section 11.310 to read as follows: |
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Sec. 11.310. RULES RELATING TO AVAILABILITY OF DEPOSITS. |
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The finance commission by rule shall establish a uniform process by |
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which all financial institutions must make deposited funds, |
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including funds deposited electronically, available to the holder |
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of the deposit account into which the funds were deposited. |
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SECTION 2. This Act takes effect September 1, 2009. |