A credit union is subject to this chapter if it acts in a fiduciary capacity. A credit union acts in a fiduciary capacity when it acts in any of the following capacities:
  (1) Trustee.
  (2) Custodian.
  (3) Executor.
  (4) Administrator.
  (5) Guardian.
  (6) Receiver.

Source Note: The provisions of this §91.6002 adopted to be effective August 10, 2003, 28 TexReg 6270