125.201 – POWERS OF CREDIT UNION RELATING TO ACCOUNT. A
Texas Finance Code § 125.201
Summary
This law allows credit unions to manage accounts for minors, enabling them to open, deposit, and withdraw funds. It provides a framework for credit unions to handle financial transactions on behalf of minors, ensuring they can participate in banking activities.
Credit unions can open accounts in a minor's name.
Minors can make deposits and withdrawals from their accounts.
Credit unions may accept pledges from minors for account-related matters.
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In simple terms: Learn about Texas's POWERS OF CREDIT UNION RELATING TO ACCOUNT. A 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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