Tex. Fin. Code § 124.203

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 124.203 - Authorization to Act As Comaker, Guarantor, or Endorser

A credit union may permit a director, senior management employee, or member of the credit committee to act as comaker, guarantor, or endorser of a loan to a member only in accordance with limitations imposed by Section 124.204.

Tex. Fin. Code § 124.203

Amended by Acts 2003, 78th Leg., ch. 533, Sec. 39, eff. 9/1/2003.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.