Texas § FI.123.205 - INVESTMENTS AND SECURITIES

Full text of Texas The Texas Constitution § FI.123.205 — INVESTMENTS AND SECURITIES, with citation guidance and answers to common questions.

§ FI.123.205. INVESTMENTS AND SECURITIES

INVESTMENTS AND SECURITIES. (a) In accordance with commission rules, a credit union may: (1) develop and offer investment programs to its members and depositors; or (2) act as agent for its members and depositors in the purchase, sale, or other disposition of a security, an interest in a mutual fund, or an interest or participation in any other type of investment. (b) A credit union may issue and sell securities in connection with an investment program developed and offered under Subsection (a)(1). Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § FI.123.205

What does The Texas Constitution § FI.123.205 cover?

Section FI.123.205 ("INVESTMENTS AND SECURITIES") 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.123.205?

A common citation format is "The Texas Constitution § FI.123.205" (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.123.205 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.