The credit union is not required to inquire of a trustee the reason for a transaction or the intended use for money withdrawn or borrowed.
Official text of the Texas Finance Code as published by the Texas Legislative Council.
Finance Code › Title 3 › Chapter 125 › Subchapter D
Texas Finance Code § 125.305
Credit Union Accounts and Services · Trust Account
The credit union is not required to inquire of a trustee the reason for a transaction or the intended use for money withdrawn or borrowed.
Official text of the Texas Finance Code as published by the Texas Legislative Council.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.