Texas Finance Code
§ 123.202 — RECEIPT, TRANSFER, AND PAYMENT OF MONEY
FI § 123.202Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part D. CREDIT UNIONS · Ch. 123. GENERAL POWERS · Art. C. FINANCIAL POWERS
Statute text
View on sourceA credit union may:
(1)receive and disburse money;
(2)receive a payment on a share or deposit; and
(3)provide for the transfer or withdrawal of money from an account by the means and through the payment systems that the board determines best serve the convenience and needs of members and depositors.
Legislative history
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.