Sec. 63.005. FISCAL AGENT. (a) An association may act as fiscal agent of the United States. An association designated as fiscal agent of the United States by the secretary of the treasury shall act under regulations as required by the secretary and may act as fiscal agent for an instrumentality of the United States.
(b) An association may act as fiscal agent of this state or of a governmental subdivision or instrumentality of this state.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Subtitle B - Savings and Loan Associations
Section 63.001. General Corporate Powers
Section 63.002. Enlargement of Powers
Section 63.003. Powers of Federal Association
Section 63.004. Power to Borrow
Section 63.006. Power to Act Under Certain Federal Retirement Plans
Section 63.007. Right to Act to Avoid Loss
Section 63.008. Closing Place of Business