Tex. Finance Code § 149.001
APPLICABILITY OF CHAPTERS 3 AND 4, BUSINESS & COMMERCE CODE
Texas · Texas Finance Code · Status: effective
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- Citation
- Tex. Finance Code § 149.001, APPLICABILITY OF CHAPTERS 3 AND 4, BUSINESS & COMMERCE CODE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/646117
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Full text
(a) Chapters 3 and 4, Business & Commerce Code, determine the rights, responsibilities, and liabilities of a person regarding an item drawn on, transferred to, or presented, remitted, collected, settled, negotiated, or otherwise handled by a credit union as if the credit union were a bank, unless otherwise provided by written agreement of the parties.
(b) In this section:
(1) "Credit union" means a credit union authorized to do business in this state under this subtitle or the Federal Credit Union Act (12 U.S.C. Section 1751 et seq.).
(2) "Item":
(A) means an instrument, whether or not negotiable, for the payment of money; and
(B) does not include money.