Texas Statutes
§ 124.352 — LIMITATIONS ON INVESTMENTS.
Texas § 124.352
JurisdictionTexas
Code FIFinance Code
This text of Texas § 124.352 (LIMITATIONS ON INVESTMENTS.) 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. § 124.352 (2026).
Text
Sec. 124.352. LIMITATIONS ON INVESTMENTS.
(a)An investment under Section 124.351 (a)(1) may be made only if:
(1)the membership or ownership of the agency, association, or company is restricted to credit unions and their members or organizations of credit unions; and
(2)the agency, association, or company is designed primarily to serve or otherwise assist credit union operations.
(b)An investment under Section 124.351 (a)(1) or (2) in any one agency, association, or company may not exceed the lesser of the amount equal to:
(1)five percent of the credit union's total assets; or
(2)its reserves and undivided earnings.
(c)Notwithstanding Subsection (a), the commission by rule may authorize an investment under Section 124.351 (a)(1) in an agency, association, or company:
(1)whose member
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Legislative History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Nearby Sections
15
§ 124.001
AUTHORIZATION.§ 124.002
LIMITATIONS ON INTEREST RATES.§ 124.003
LIMITATIONS ON LOANS.§ 124.004
WRITTEN INSTRUMENT REQUIRED.§ 124.005
APPLICABILITY OF OTHER LAW.§ 124.051
OPEN-END CREDIT PLAN.§ 124.052
LINE OF CREDIT.§ 124.101
BORROWER PAYMENT OF LOAN EXPENSES.§ 124.102
COLLECTION OF LOAN EXPENSES.§ 124.103
CHARACTER OF EXPENSE OR FEE.§ 124.151
PREPAYMENT PRIVILEGE.§ 124.153
PENALTY FOR LATE PAYMENT.§ 124.201
AUTHORIZATION.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 124.352, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/124.352.