{"data":{"id":"us-tx/tex.-finance-code-123.207","jurisdiction":"us-tx","citation":"Tex. Finance Code § 123.207","heading":"FIDUCIARY POWERS.","body":"A credit union may:\n(1) act, under court order or appointment, as guardian, receiver, trustee, executor, or administrator without giving bond;\n(2) receive an investment from a person acting as a guardian, receiver, trustee, executor, or administrator under the Estates Code or Subtitle B, Title 9, Property Code;\n(3) act as depository for money paid to a court or constituting the estate of a deceased person, a minor, or an incompetent;\n(4) accept, execute, and administer a trust as trustee;\n(5) accept funds or money for deposit by a fiduciary, trustee, receiver, guardian, executor, or administrator; or\n(6) act as custodian or trustee of a pension or profit-sharing plan, including an individual retirement account or a pension fund of a self-employed individual or of the sponsor of a credit union.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.\nAmended by:\nActs 2015, 84th Leg., R.S., Ch. 1236 (S.B. 1296), Sec. 20.012, eff. September 1, 2015.","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#123.207","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"712a3c80bc556ec559f2c4073803c702a03e6e5a0448cdde01991e8507684b18","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-123.206","next":"us-tx/tex.-finance-code-123.208"},"notice":"GroundRules: Original legal text. Not legal advice."}