A credit union may:
(1) act as fiscal agent or transfer agent;
(2) transfer a registered and countersigned certificate of stock, bond, or other evidence of indebtedness; or
(3) guarantee a signature.
Tex. Fin. Code § 123.206
ACTION AS FISCAL OR TRANSFER AGENT; TRANSFER OF CERTAIN INSTRUMENTS; SIGNATURES
Known as the Texas Credit Union Act
The act spans §§ 121.001 to 149.002 (219 sections).
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.