If a guaranty credit union is authorized, the commissioner shall issue a certificate of incorporation which shall provide that said guaranty credit union shall operate as a central credit union including share and deposit guaranty insurance protection for members subject to supervision, regulation, and examination by the department.

Source Note: The provisions of this §95.301 adopted to be effective November 11, 1999, 24 TexReg 9830; amended to be effective March 7, 2007, 32 TexReg 1066