Sec. 65.003.  SAVINGS CONTRACT.  (a)  Each holder of a savings account must execute a savings contract.  The contract must specify:
(1)  any special terms applicable to the account;  and
(2)  the conditions on which withdrawals may be made.
(b)  The association shall hold a savings contract in the records pertaining to the account.
(c)  A savings contract pertaining to a savings account of a public or governmental entity must provide that the holder of the account may not become a member of the association.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.