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Texas Finance Code

§ 123.204 — ACTION AS AGENT OR DEPOSITORY OF UNITED STATES OR OTHER GOVERNMENTAL ENTITY

FI § 123.204Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part D. CREDIT UNIONS · Ch. 123. GENERAL POWERS · Art. C. FINANCIAL POWERS

Statute text

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A credit union may act as agent or depository of and accept for deposit the money of:
(1)the United States or an agent or instrumentality of the United States;
(2)this or another state; or
(3)a political subdivision of this or another state, including:
(A)a municipality;
(B)a county;

Legislative history

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