Sec. 123.204. ACTION AS AGENT OR DEPOSITORY OF UNITED STATES OR OTHER GOVERNMENTAL ENTITY    


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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;

    (C) a school district; or

    (D) another taxing authority.

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