Tex.
Civ. Practice & Remedies Code Section 31.010
Turnover by Financial Institution
(a)
A financial institution that receives a request to turn over assets or financial information of a judgment debtor to a judgment creditor or a receiver under a turnover order or receivership under Section 31.002 (Collection of Judgment Through Court Proceeding) shall be provided and may rely on:(1)
a certified copy of the order or injunction of the court; or(2)
a certified copy of the order of appointment of a receiver under Section 64.001 (Availability of Remedy), including a certified copy of:(A)
any document establishing the qualification of the receiver under Section 64.021 (Qualifications; Residence Requirement);(B)
the sworn affidavit under Section 64.022 (Oath); and(C)
the bond under Section 64.023 (Bond).(b)
A financial institution that complies with this section is not liable for compliance with a court order, injunction, or receivership authorized by Section 31.002 (Collection of Judgment Through Court Proceeding) to:(1)
the judgment debtor;(2)
a party claiming through the judgment debtor;(3)
a co-depositor with the judgment debtor; or(4)
a co-borrower with the judgment debtor.(c)
A financial institution that complies with this section is entitled to recover reasonable costs, including copying costs, research costs, and, if there is a contest, reasonable attorney’s fees.(d)
In this section, “financial institution” means a state or national bank, state or federal savings and loan association, state or federal savings bank, state or federal credit union, foreign bank, foreign bank agency, or trust company.
Source:
Section 31.010 — Turnover by Financial Institution, https://statutes.capitol.texas.gov/Docs/CP/htm/CP.31.htm#31.010 (accessed Jun. 5, 2024).
