Section 13.432 - Fiduciary ResponsibilityA director, member of a committee, officer, or representative of an HCC who is charged with the duty of handling or investing its funds is prohibited from intentionally:
(1) depositing or investing the funds, except in the corporate name of the HCC or in the name of a nominee of the HCC as may be allowed elsewhere in this subchapter; or(2) taking or receiving to his or her own use any fee, brokerage, or commission for, or on account of, a loan made by or on behalf of the HCC, except that the individuals referenced in this section may receive reasonable interest on amounts loaned to the HCC.28 Tex. Admin. Code § 13.432
The provisions of this §13.432 adopted to be effective March 31, 2013, 38 TexReg 2100