(a) A savings account may be transferred only on the books of an association on presentation to the association of:
(1) evidence of transfer satisfactory to the association; and
(2) an application for transfer by the transferee.
(b) A transferee accepts an account subject to the terms of the:
(1) savings contract; and
(2) association's charter and bylaws.
Official text of the Texas Finance Code as published by the Texas Legislative Council.