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. 123.206. ACTION AS FISCAL OR TRANSFER AGENT; TRANSFER OF CERTAIN INSTRUMENTS; SIGNATURES
Latest version.
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A credit union may:
(1) act as fiscal agent or transfer agent;
(2) transfer a registered and countersigned certificate of stock, bond, or other evidence of indebtedness; or
(3) guarantee a signature.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.