Tex. Fin. Code § 122.107 · Subchapter C. OPERATIONS AND FINANCES
NOTICE OF AVAILABILITY OF CERTAIN DOCUMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A credit union regulated under this subtitle and Chapter 15 shall give notice to the credit union's members of the availability on request of a member of documents related to the credit union's finances and management, including:
(1) a summary of the most recent annual audit;
(2) the most recent statement of financial condition, such as nonconfidential pages of the quarterly call report provided under Section 122.101;
(3) a copy of IRS Form 990 or its successor; and
(4) any other documents that members are entitled to possess, as determined by the commission.
(b) The notice required by Subsection (a) must be given:
(1) on the credit union's Internet website if the credit union maintains a website; and
(2) in a newsletter twice a year if the credit union distributes a newsletter.
(c) The commission shall adopt reasonable rules to implement this section, including rules prescribing an alternative method for credit unions that do not maintain an Internet website or distribute a newsletter to provide their members with notice of the documents required by Subsection (a).
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 695 (H.B. 2735), Sec. 17, eff. September 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.122.htm
- Text hash
- sha256 5f968d38cb976630440dbac270bddcddf15ed483020668094ee73926e436bc7d
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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