Texas Finance Code 124.301 – Participation Loans
Current as of: 2024 | Check for updates
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Terms Used In Texas Finance Code 124.301
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
A credit union may market and sell participations in loans to members originated by the credit union to another credit union, corporation, or financial organization.