Texas § FI.124.352 - LIMITATIONS ON INVESTMENTS
Full text of Texas The Texas Constitution § FI.124.352 — LIMITATIONS ON INVESTMENTS, with citation guidance and answers to common questions.
§ FI.124.352. LIMITATIONS ON INVESTMENTS
LIMITATIONS ON INVESTMENTS. (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. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.124.352
What does The Texas Constitution § FI.124.352 cover?
Section FI.124.352 ("LIMITATIONS ON INVESTMENTS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § FI.124.352?
A common citation format is "The Texas Constitution § FI.124.352" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.124.352 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.