A credit union may:
(1) open a share or deposit account in the name of a minor;
(2) receive a payment on the account by or for the minor;
(3) pay withdrawals;
(4) accept pledges to the credit union by or for the minor; and
(5) act in any other matter with respect to an account on the order of a minor.
Official text of the Texas Finance Code as published by the Texas Legislative Council.