Sec. 125.302. LOANS TO NONMEMBER TRUSTEE. Subject to limitations imposed by this subtitle or a rule adopted under this subtitle, a credit union may make a fully secured loan to a nonmember trustee to enable the trustee to perform or assist the trustee in performing the trustee's fiduciary responsibilities.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 125 - Credit Union Accounts and Services
Section 125.301. Form of Account
Section 125.302. Loans to Nonmember Trustee
Section 125.303. Beneficiary Fees
Section 125.304. Limitations Placed on Beneficiary
Section 125.305. Account Transaction Inquiries
Section 125.306. Discharge of Liability on Payment
Section 125.307. Termination of Account