Texas Finance Code

§ 122.107 — NOTICE OF AVAILABILITY OF CERTAIN DOCUMENTS

FI § 122.107Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part D. CREDIT UNIONS · Ch. 122. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS · Art. C. OPERATIONS AND FINANCES

Statute text

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(a)A credit union regulated under this subtitle and Chapter 15 shall give notice to the credit union's members of the availability on request of a member of documents related to the credit union's finances and management, including:

(1)a summary of the most recent annual audit;

(2)the most recent statement of financial condition, such as nonconfidential pages of the quarterly call report provided under Section 122.101;

(3)a copy of IRS Form 990 or its successor; and

(4)any other documents that members are entitled to possess, as determined by the commission.

(b)The notice required by Subsection (a) must be given:

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Legislative history

Added by Acts 2009, 81st Leg., R.S., Ch. 695 (H.B. 2735), Sec. 17, eff. September 1, 2009.