{"data":{"id":"us-tx/tex.-finance-code-123.205","jurisdiction":"us-tx","citation":"Tex. Finance Code § 123.205","heading":"INVESTMENTS AND SECURITIES.","body":"(a) In accordance with commission rules, a credit union may:\n(1) develop and offer investment programs to its members and depositors; or\n(2) act as agent for its members and depositors in the purchase, sale, or other disposition of a security, an interest in a mutual fund, or an interest or participation in any other type of investment.\n(b) A credit union may issue and sell securities in connection with an investment program developed and offered under Subsection (a)(1).\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE D. CREDIT UNIONS","CHAPTER 123. GENERAL POWERS","SUBCHAPTER C. FINANCIAL POWERS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.123.htm#123.205","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"445ce910363f5ec68aff258f4cb0122cc5f6d4db1e3e81584a8c83ccaa3c1bea","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-123.204","next":"us-tx/tex.-finance-code-123.206"},"notice":"GroundRules: Original legal text. Not legal advice."}