Texas § 15.410 SHARE AND DEPOSITOR INSURANCE PROTECTION.

Texas Statutes

§ 15.410 — SHARE AND DEPOSITOR INSURANCE PROTECTION.

Texas § 15.410

Code FIFinance Code

This text of Texas § 15.410 (SHARE AND DEPOSITOR INSURANCE PROTECTION.) 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. § 15.410 (2026).

Text

Sec. 15.410. SHARE AND DEPOSITOR INSURANCE PROTECTION.

(a)The commission shall adopt, and the commissioner shall enforce, reasonable rules requiring a credit union to provide share and deposit insurance protection for credit union members and depositors.

(b)Rules adopted under this section must include authorization for and establishment of a share and deposit guaranty corporation or credit union under the department's exclusive regulation to enable the department to carry out the purposes of this chapter and Subtitle D, Title 3.

(c)A credit union may provide share and deposit insurance protection through another source approved by the department, including a program of the National Credit Union Administration.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 15.410. SHARE AND DEPOSITOR INSURANCE PROTECTION. (a) The commission shall adopt, and the commissioner shall enforce, reasonable rules requiring a credit union to provide share and deposit insurance protection for credit union members and depositors.
(b) Rules adopted under this section must include authorization for and establishment of a share and deposit guaranty corporation or credit union under the department's exclusive regulation to enable the department to carry out the purposes of this chapter and Subtitle D, Title 3.
(c) A credit union may provide share and deposit insurance protection through another source approved by the department, including a program of the National Credit Union Administration.