Tex. Finance Code § 123.204

This is the official text of Tex. Finance Code § 123.204, part of Texas’s Finance Code — regulates banks and other financial institutions.

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§ 123.204. ACTION AS AGENT OR DEPOSITORY OF UNITED STATES OR OTHER GOVERNMENTAL ENTITY.

Official statutory text

A credit union may act as agent or depository of and accept for deposit the money of:

(1) the United States or an agent or instrumentality of the United States;

(2) this or another state; or

(3) a political subdivision of this or another state, including:

(A) a municipality;

(B) a county;

(C) a school district; or

(D) another taxing authority.

Status: in_force · Read it on the official government site

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