Receipt, Transfer, and Payment of Money

Sec. 123.202. RECEIPT, TRANSFER, AND PAYMENT OF MONEY. A credit union may: (1) receive and disburse money; (2) receive a payment on a share or deposit; and (3) provide for the transfer or withdrawal of money from an account by the means and through the payment systems that the board determines best serve the convenience and needs of members and depositors. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.