123.202 – RECEIPT, TRANSFER, AND PAYMENT OF MONEY. A
Texas Finance Code § 123.202
Summary
This law allows credit unions to handle money transactions, including receiving and disbursing funds, processing payments on shares or deposits, and facilitating transfers or withdrawals. It empowers credit unions to choose payment systems that best meet the needs of their members and depositors.
Credit unions can receive and disburse money.
Payments on shares or deposits are permitted.
Transfer and withdrawal methods are determined by the board.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's RECEIPT, TRANSFER, AND PAYMENT OF MONEY. A law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.