SALE OF CERTAIN INSTRUMENTS OR SECURITIES; FEE
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
A credit union may:
(1) collect, receive, and disburse money:
(A) in connection with the sale of a traveler's check, money order, cashier's check or draft, treasurer's draft, similar instrument, or security of any type; or
(B) for another purpose that may provide a benefit or convenience for its members; and
(2) collect a fee for those services.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.