{"data":{"id":"us-tx/tex.-finance-code-15.410","jurisdiction":"us-tx","citation":"Tex. Finance Code § 15.410","heading":"SHARE AND DEPOSITOR INSURANCE PROTECTION.","body":"(a) The commission shall adopt, and the commissioner shall enforce, reasonable rules requiring a credit union to provide share and deposit insurance protection for credit union members and depositors.\n(b) Rules adopted under this section must include authorization for and establishment of a share and deposit guaranty corporation or credit union under the department's exclusive regulation to enable the department to carry out the purposes of this chapter and Subtitle D, Title 3.\n(c) A credit union may provide share and deposit insurance protection through another source approved by the department, including a program of the National Credit Union Administration.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 2. FINANCIAL REGULATORY AGENCIES","CHAPTER 15. CREDIT UNION COMMISSION AND DEPARTMENT","SUBCHAPTER E. POWERS AND DUTIES OF COMMISSION AND COMMISSIONER"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.15.htm#15.410","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"c8f78644ba1dbb5febbbb93271feaf82e0d5c994c5e3db665c9a77ef94f7491a","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-15.4091","next":"us-tx/tex.-finance-code-15.4105"},"notice":"GroundRules: Original legal text. Not legal advice."}