Tex. Fin. Code § 149.001 · Chapter 149. MISCELLANEOUS PROVISIONS RELATING TO CREDIT UNIONS
APPLICABILITY OF CHAPTERS 3 AND 4, BUSINESS & COMMERCE CODE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Chapters 3 and 4, Business & Commerce Code, determine the rights, responsibilities, and liabilities of a person regarding an item drawn on, transferred to, or presented, remitted, collected, settled, negotiated, or otherwise handled by a credit union as if the credit union were a bank, unless otherwise provided by written agreement of the parties.
(b) In this section:
(1) "Credit union" means a credit union authorized to do business in this state under this subtitle or the Federal Credit Union Act (12 U.S.C. Section 1751 et seq.).
(2) "Item":
(A) means an instrument, whether or not negotiable, for the payment of money; and
(B) does not include money.
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.149.htm
- Text hash
- sha256 9bf1dc4f68fe174c20e323acb3d72704a7bc43a8aa4b692916493135a4ec5338
- 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
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.