Sec. 123.212. CHECK AND MONEY TRANSFER SERVICES. A credit union may sell to a person within its field of membership negotiable checks, money orders, and other similar money transfer instruments or services and may also cash checks and money orders for a person within its field of membership for a fee.
Added by Acts 2003, 78th Leg., ch. 533, Sec. 37, eff. Sept. 1, 2003.
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
Section 123.211. Certificates of Indebtedness
Section 123.212. Check and Money Transfer Services