123.103 – PURCHASE AND SALE OF PROPERTY. Subject to
Texas Finance Code § 123.103
Summary
This law allows credit unions in Texas to buy, hold, lease, or sell property that is necessary for their operations. It ensures that these transactions are subject to specific commission rules, providing a framework for property management by credit unions.
Credit unions can manage property for operational purposes.
Transactions must comply with commission rules.
Includes purchasing, leasing, and disposing of property.
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In simple terms: Learn about Texas's PURCHASE AND SALE OF PROPERTY. Subject to law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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