123.206 – ACTION AS FISCAL OR TRANSFER AGENT; TRANSFER OF
Texas Finance Code § 123.206
Summary
This law allows credit unions to serve as fiscal or transfer agents, enabling them to handle the transfer of certain financial instruments. It also permits credit unions to guarantee signatures on these transactions, which can facilitate smoother financial operations for their members.
Credit unions can act as fiscal or transfer agents.
Allows transfer of registered financial instruments.
Credit unions may guarantee signatures on transactions.
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In simple terms: Learn about Texas's ACTION AS FISCAL OR TRANSFER AGENT; TRANSFER OF 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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