Old | New | Differences | |
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1 | 1 | 81R10440 ATP-D | |
2 | 2 | By: Davis of Dallas H.B. No. 3170 | |
3 | 3 | ||
4 | 4 | ||
5 | 5 | A BILL TO BE ENTITLED | |
6 | 6 | AN ACT | |
7 | 7 | relating to a uniform process by which financial institutions make | |
8 | 8 | deposited funds available to account holders. | |
9 | 9 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
10 | 10 | SECTION 1. Subchapter D, Chapter 11, Finance Code, is | |
11 | 11 | amended by adding Section 11.310 to read as follows: | |
12 | 12 | Sec. 11.310. RULES RELATING TO AVAILABILITY OF DEPOSITS. | |
13 | 13 | The finance commission by rule shall establish a uniform process by | |
14 | 14 | which all financial institutions must make deposited funds, | |
15 | 15 | including funds deposited electronically, available to the holder | |
16 | 16 | of the deposit account into which the funds were deposited. | |
17 | 17 | SECTION 2. This Act takes effect September 1, 2009. |