Subject to a policy adopted by the board, a member of a credit union by written notice to the credit union may:

1. (1) change or cancel a multiple-party account designation;
2. (2) change the form of the account; or
3. (3) stop or vary payment under the terms of the account.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.