Sec. 123.205. INVESTMENTS AND SECURITIES. (a) In accordance with commission rules, a credit union may: (1) develop and offer investment programs to its members and depositors; or (2) act as agent for its members and depositors in the purchase, sale, or other disposition of a security, an interest in a mutual fund, or an interest or participation in any other type of investment. (b) A credit union may issue and sell securities in connection with an investment program developed and offered under Subsection (a)(1).
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