Sec. 122.012. PLACE OF BUSINESS    


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  • (a) A credit union shall maintain on file with the department a statement specifying the street and post office address of the credit union's principal place of business.

    (b) After notifying the commissioner in writing, a credit union may establish and maintain, at locations other than its principal place of business, additional offices or service facilities that are reasonably necessary to provide services to the credit union's members. The credit union shall notify the commissioner in writing of the date that the new office or service facility begins operating.

    (c) The commission by rule may prescribe what constitutes an office or service facility.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 157, Sec. 7, eff. Sept. 1, 1999.