Sec. 123.209. TRANSFER SYSTEM. A credit union may establish, operate, or participate in a system that allows the transfer of credit union money or the shares or deposits of its members by electronic or other means, including a clearinghouse association, a data processing or other electronic network, the Federal Reserve System, or any other government payment or liquidity program.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Subchapter C. Financial Powers
Section 123.201. Power to Borrow or Lend
Section 123.202. Receipt, Transfer, and Payment of Money
Section 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
Section 123.205. Investments and Securities
Section 123.206. Action as Fiscal or Transfer Agent; Transfer of Certain Instruments; Signatures
Section 123.207. Fiduciary Powers
Section 123.208. Dividends and Interest
Section 123.209. Transfer System
Section 123.210. Sale of Certain Instruments or Securities; Fee