(a) An association may issue a new account book or certificate in the name of the holder of record of a savings account if:
(1) the holder or the holder's legal representative requests; and
(2) proof is presented satisfactory to the association that the original book or certificate is lost or destroyed.
(b) A new account book or certificate must expressly state that:
(1) it is issued to replace a lost or destroyed account book or certificate; and
(2) the association may not be held liable on the original account book or certificate.
(c) An association may require indemnification against any loss resulting from issuing a new account book or certificate.
Official text of the Texas Finance Code as published by the Texas Legislative Council.