7 Tex. Admin. Code § 91.6001
Current through Reg. 49, No. 50; December 13, 2024
A credit union must conduct trust operations in accordance with applicable law and must exercise fiduciary powers in a safe and sound manner. All fiduciary activities shall be under the direction of the credit unionTs board of directors. In carrying out its responsibilities, the board may assign, by action duly entered in the minutes, any function related to the exercise of fiduciary powers to any director, officer, employee, or committee thereof.
7 Tex. Admin. Code § 91.6001