Texas Finance Code 125.304 – Limitations Placed On Beneficiary
Current as of: 2024 | Check for updates
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Terms Used In Texas Finance Code 125.304
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
A beneficiary who is not a member of a credit union may not vote in matters pertaining to, obtain a loan through, or hold office in the credit union.