Texas § 123.207 FIDUCIARY POWERS.

Texas Statutes

§ 123.207 — FIDUCIARY POWERS.

Texas § 123.207

Code FIFinance Code

This text of Texas § 123.207 (FIDUCIARY POWERS.) 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. § 123.207 (2026).

Text

Sec. 123.207. FIDUCIARY POWERS. A credit union may:

(1)act, under court order or appointment, as guardian, receiver, trustee, executor, or administrator without giving bond;

(2)receive an investment from a person acting as a guardian, receiver, trustee, executor, or administrator under the Estates Code or Subtitle B, Title 9, Property Code;

(3)act as depository for money paid to a court or constituting the estate of a deceased person, a minor, or an incompetent;

(4)accept, execute, and administer a trust as trustee;

(5)accept funds or money for deposit by a fiduciary, trustee, receiver, guardian, executor, or administrator; or

(6)act as custodian or trustee of a pension or profit-sharing plan, including an individual retirement account or a pension fund of a self-employed individual

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Sec. 123.207. FIDUCIARY POWERS. A credit union may:
(1) act, under court order or appointment, as guardian, receiver, trustee, executor, or administrator without giving bond;
(2) receive an investment from a person acting as a guardian, receiver, trustee, executor, or administrator under the Estates Code or Subtitle B, Title 9, Property Code;
(3) act as depository for money paid to a court or constituting the estate of a deceased person, a minor, or an incompetent;
(4) accept, execute, and administer a trust as trustee;
(5) accept funds or money for deposit by a fiduciary, trustee, receiver, guardian, executor, or administrator; or
(6) act as custodian or trustee of a pension or profit-sharing plan, including an individual retirement account or a pension fund of a self-employed individual or of the sponsor of a credit union.

Legislative History

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by: Acts 2015, 84th Leg., R.S., Ch. 1236 (S.B. 1296 ), Sec. 20.012, eff. September 1, 2015.