Texas Finance Code 123.204 – Action as Agent or Depository of United States or Other Governmental Entity
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Terms Used In Texas Finance Code 123.204
- United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
A credit union may act as agent or depository of and accept for deposit the money of:
(1) the United States or an agent or instrumentality of the United States;
(2) this or another state; or
(3) a political subdivision of this or another state, including:
(A) a municipality;
(B) a county;
(C) a school district; or
(D) another taxing authority.