™Your Policy Risk Impact Agent
100 chapters · 2,835 sections in this title.
Tex. Finance Code § 123.111 Right To Act To Mitigate Or Avoid Loss
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Sec. 123.111. RIGHT TO ACT TO MITIGATE OR AVOID LOSS. This subtitle does not prohibit a credit union from investing its money, operating a business, managing or dealing in property, or taking any other action at any time that is reasonably necessary to avoid or mitigate a loss on…
Tex. Finance Code § 123.201 Power To Borrow Or Lend
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Sec. 123.201. POWER TO BORROW OR LEND. (a) A credit union may: (1) lend its funds, or engage in any other type of financing transaction authorized by applicable law or rules adopted by the commission; and (2) borrow money from any source, subject to Subsection (b). (b) A credit u…
Tex. Finance Code § 123.202 Receipt, Transfer, and Payment of Money
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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 bo…
Tex. Finance Code § 123.203 Acceptance of Money For Deposit From Another Entity
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Sec. 123.203. ACCEPTANCE OF MONEY FOR DEPOSIT FROM ANOTHER ENTITY. A credit union may accept money for deposit by a savings and loan association, a savings association, the savings department of a bank, a commercial bank, a savings bank, a trust company, an insurance company, or …