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Texas Finance Code - FIN § 123.205. Investments and Securities

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) In accordance with commission rules, a credit union may:

(1) develop and offer investment programs to its members and depositors;  or

(2) act as agent for its members and depositors in the purchase, sale, or other disposition of a security, an interest in a mutual fund, or an interest or participation in any other type of investment.

(b) A credit union may issue and sell securities in connection with an investment program developed and offered under Subsection (a)(1).

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Cite this article: FindLaw.com - Texas Finance Code - FIN § 123.205. Investments and Securities - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-123-205/

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