This law allows credit unions in Texas to perform fiduciary roles such as guardian or trustee without needing to provide a bond. It enables them to manage funds for estates, minors, or incapacitated individuals, enhancing their service offerings in estate management and financial oversight.
Credit unions can act as guardians or trustees without a bond.
They can manage funds for estates and minors.
Allows credit unions to serve as depositories for court-related funds.
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In simple terms: Learn about Texas's FIDUCIARY POWERS. A credit union may: 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.