Tex. Est. Code Section 456.003
Duty of Eligible Institutions

Not later than the seventh business day after the date an eligible institution receives a copy of a written agreement under Section 456.002 (Authority to Designate Lawyer on Certain Trust or Escrow Accounts)(a) or a statement from a personal representative under Section 456.002 (Authority to Designate Lawyer on Certain Trust or Escrow Accounts)(b) and instructions from the lawyer identified in the agreement or statement, as applicable, regarding how to disburse the funds or close a trust or escrow account, the eligible institution shall disburse the funds and close the account in compliance with the instructions.
Added by Acts 2015, 84th Leg., R.S., Ch. 949 (S.B. 995), Sec. 45, eff. September 1, 2015.
Amended by:
Acts 2017, 85th Leg., R.S., Ch. 844 (H.B. 2271), Sec. 35, eff. September 1, 2017.

Source: Section 456.003 — Duty of Eligible Institutions, https://statutes.­capitol.­texas.­gov/Docs/ES/htm/ES.­456.­htm#456.­003 (accessed Apr. 20, 2024).

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Accessed:
Apr. 20, 2024

§ 456.003’s source at texas​.gov