Texas Statutes (Last Updated: January 4, 2014) |
FINANCE CODE |
Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES |
Subtitle D. CREDIT UNIONS |
Chapter 123. GENERAL POWERS |
Subchapter C. FINANCIAL POWERS |
Sec. 123.204. ACTION AS AGENT OR DEPOSITORY OF UNITED STATES OR OTHER GOVERNMENTAL ENTITY
Latest version.
-
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.