SECTION 14.14. Confiscations, Requisitions, Seizures, and Certain Other Actions

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On receipt of notice of any transaction described by Government Code, §2116.023(a), with respect to all or any portion of the balance of a depository account, the depository shall refer the matter to the appropriate agency for resolution. Until the matter is resolved, the depository shall suspend withdrawal privileges associated with the balances of the depository account. The depository may prescribe procedures to allow voluntary transfers of depository account balances among depository account holders to continue to take place unaffected by the suspension as authorized by this chapter or other applicable law.

Source Note: The provisions of this §14.14 adopted to be effective December 27, 2017, 42 TexReg 7411

                    
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