Texas Statutes
Subtitle D - Credit Unions
Chapter 123 - General Powers

Subchapter A. General Powers

Section 123.001. General Powers - Sec. 123.001. GENERAL POWERS. A credit union may exercise any...

Section 123.002. Incidental Powers - Sec. 123.002. INCIDENTAL POWERS. A credit union may exercise any...

Section 123.003. Enlargement of Powers - Sec. 123.003. ENLARGEMENT OF POWERS. (a) A credit union may...

Subchapter B. Operational Powers

Section 123.101. Contracts - Sec. 123.101. CONTRACTS. A credit union may make contracts. Acts...

Section 123.102. Power to Sue and Defend - Sec. 123.102. POWER TO SUE AND DEFEND. A credit union...

Section 123.103. Purchase and Sale of Property - Sec. 123.103. PURCHASE AND SALE OF PROPERTY. Subject to commission...

Section 123.104. Membership in Other Organization; Operation as Central Credit Union - Sec. 123.104. MEMBERSHIP IN OTHER ORGANIZATION; OPERATION AS CENTRAL CREDIT...

Section 123.105. Fees - Sec. 123.105. FEES. (a) A credit union may collect a...

Section 123.106. Change of Location - Sec. 123.106. CHANGE OF LOCATION. (a) A credit union changing...

Section 123.107. Insurance for Members - Sec. 123.107. INSURANCE FOR MEMBERS. A credit union may purchase...

Section 123.108. Donations - Sec. 123.108. DONATIONS. A credit union may donate to a...

Section 123.109. Seal - Sec. 123.109. SEAL. A credit union may adopt and use...

Section 123.110. Records - Sec. 123.110. RECORDS. (a) A credit union may: (1) copy...

Section 123.111. Right to Act to Mitigate or Avoid Loss - Sec. 123.111. RIGHT TO ACT TO MITIGATE OR AVOID LOSS....

Subchapter C. Financial Powers

Section 123.201. Power to Borrow or Lend - Sec. 123.201. POWER TO BORROW OR LEND. (a) A credit...

Section 123.202. Receipt, Transfer, and Payment of Money - Sec. 123.202. RECEIPT, TRANSFER, AND PAYMENT OF MONEY. A credit...

Section 123.203. Acceptance of Money for Deposit From Another Entity - Sec. 123.203. ACCEPTANCE OF MONEY FOR DEPOSIT FROM ANOTHER ENTITY....

Section 123.204. Action as Agent or Depository of United States or Other Governmental Entity - Sec. 123.204. ACTION AS AGENT OR DEPOSITORY OF UNITED STATES...

Section 123.205. Investments and Securities - Sec. 123.205. INVESTMENTS AND SECURITIES. (a) In accordance with commission...

Section 123.206. Action as Fiscal or Transfer Agent; Transfer of Certain Instruments; Signatures - Sec. 123.206. ACTION AS FISCAL OR TRANSFER AGENT; TRANSFER OF...

Section 123.207. Fiduciary Powers - Sec. 123.207. FIDUCIARY POWERS. A credit union may: (1) act,...

Section 123.208. Dividends and Interest - Sec. 123.208. DIVIDENDS AND INTEREST. (a) A credit union may:...

Section 123.209. Transfer System - Sec. 123.209. TRANSFER SYSTEM. A credit union may establish, operate,...

Section 123.210. Sale of Certain Instruments or Securities; Fee - Sec. 123.210. SALE OF CERTAIN INSTRUMENTS OR SECURITIES; FEE. A...

Section 123.211. Certificates of Indebtedness - Sec. 123.211. CERTIFICATES OF INDEBTEDNESS. The commission by rule may...

Section 123.212. Check and Money Transfer Services - Sec. 123.212. CHECK AND MONEY TRANSFER SERVICES. A credit union...