Finance Code › Title 3 › Chapter 125 › Subchapter D

Texas Finance Code § 125.302

Loans to Nonmember Trustee

Credit Union Accounts and Services · Trust Account

Subject to limitations imposed by this subtitle or a rule adopted under this subtitle, a credit union may make a fully secured loan to a nonmember trustee to enable the trustee to perform or assist the trustee in performing the trustee's fiduciary responsibilities.

Official text of the Texas Finance Code as published by the Texas Legislative Council.

Official source
Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.