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