Tex. Fin. Code § 122.062

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 122.062 - Compensation

A person may not receive compensation for serving as a director, honorary director, advisory director, or committee member of a credit union, except that the person may be:

(1) provided with reasonable health, life, accident, liability, or similar insurance protection;

(2) reimbursed for necessary expenses incurred in the performance of the person's duties; and

(3) paid the fees and reimbursed for other expenditures authorized by commission rules.

Tex. Fin. Code § 122.062

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.