When a trust is terminated, the credit union shall pay money remaining in a trust account as:

1. (1) directed by the trustee;
2. (2) prescribed by the trust agreement; or
3. (3) provided by applicable law, in the absence of direction from the trustee or by the trust agreement.

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