Tex. Fin. Code § 124.352 · Subchapter H. INVESTMENT OF MONEY
LIMITATIONS ON INVESTMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An investment under Section 124.351(a)(1) may be made only if:
(1) the membership or ownership of the agency, association, or company is restricted to credit unions and their members or organizations of credit unions; and
(2) the agency, association, or company is designed primarily to serve or otherwise assist credit union operations.
(b) An investment under Section 124.351(a)(1) or (2) in any one agency, association, or company may not exceed the lesser of the amount equal to:
(1) five percent of the credit union's total assets; or
(2) its reserves and undivided earnings.
(c) Notwithstanding Subsection (a), the commission by rule may authorize an investment under Section 124.351(a)(1) in an agency, association, or company:
(1) whose membership or ownership is not restricted to credit unions and their members or organizations of credit unions; or
(2) that is not designed primarily to serve or otherwise assist credit union operations.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.124.htm
- Text hash
- sha256 d51470dd468af53ccd162506f1ef615aeed6d4c8f0b9f95a9d4bead015e8a4fb
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 1 provision
Provisions in this library whose text cites Tex. Fin. Code § 124.352. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.