Texas Statutes
§ 123.205 — INVESTMENTS AND SECURITIES.
Texas § 123.205
JurisdictionTexas
Code FIFinance Code
This text of Texas § 123.205 (INVESTMENTS AND SECURITIES.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Finance Code Code Ann. § 123.205 (2026).
Text
Sec. 123.205. INVESTMENTS AND SECURITIES.
(a)In accordance with commission rules, a credit union may:
(1)develop and offer investment programs to its members and depositors; or
(2)act as agent for its members and depositors in the purchase, sale, or other disposition of a security, an interest in a mutual fund, or an interest or participation in any other type of investment.
(b)A credit union may issue and sell securities in connection with an investment program developed and offered under Subsection (a)(1).
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Legislative History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Nearby Sections
15
§ 123.001
GENERAL POWERS.§ 123.002
INCIDENTAL POWERS.§ 123.003
ENLARGEMENT OF POWERS.§ 123.101
CONTRACTS.§ 123.102
POWER TO SUE AND DEFEND.§ 123.103
PURCHASE AND SALE OF PROPERTY.§ 123.105
FEES.§ 123.106
CHANGE OF LOCATION.§ 123.107
INSURANCE FOR MEMBERS.§ 123.108
DONATIONS.§ 123.109
SEAL.§ 123.110
RECORDS.§ 123.201
POWER TO BORROW OR LEND.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 123.205, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/123.205.