Texas Finance Code 123.103 – Purchase and Sale of Property
Current as of: 2024 | Check for updates
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Terms Used In Texas Finance Code 123.103
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Property: means real and personal property. See Texas Government Code 311.005
Subject to commission rules, a credit union may purchase, hold, lease, or dispose of property necessary or incidental to the operation or purpose of the credit union.