Texas 2009 - 81st Regular

Texas House Bill HB3170 Compare Versions

Only one version of the bill is available at this time.
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11 81R10440 ATP-D
22 By: Davis of Dallas H.B. No. 3170
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55 A BILL TO BE ENTITLED
66 AN ACT
77 relating to a uniform process by which financial institutions make
88 deposited funds available to account holders.
99 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1010 SECTION 1. Subchapter D, Chapter 11, Finance Code, is
1111 amended by adding Section 11.310 to read as follows:
1212 Sec. 11.310. RULES RELATING TO AVAILABILITY OF DEPOSITS.
1313 The finance commission by rule shall establish a uniform process by
1414 which all financial institutions must make deposited funds,
1515 including funds deposited electronically, available to the holder
1616 of the deposit account into which the funds were deposited.
1717 SECTION 2. This Act takes effect September 1, 2009.