Tex. Finance Code § 125.201
This is the official text of Tex. Finance Code § 125.201, part of Texas’s Finance Code — regulates banks and other financial institutions.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 125.201. POWERS OF CREDIT UNION RELATING TO ACCOUNT.
Official statutory text
A credit union may:
(1) open a share or deposit account in the name of a minor;
(2) receive a payment on the account by or for the minor;
(3) pay withdrawals;
(4) accept pledges to the credit union by or for the minor; and
(5) act in any other matter with respect to an account on the order of a minor.
(1) open a share or deposit account in the name of a minor;
(2) receive a payment on the account by or for the minor;
(3) pay withdrawals;
(4) accept pledges to the credit union by or for the minor; and
(5) act in any other matter with respect to an account on the order of a minor.
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.