Section 126.353 - Conflict of Interest(a) The liquidating agent may not acquire an asset of the credit union in liquidation or purchase a loan of the credit union without the commissioner's prior written approval.(b) A liquidating agent may not obtain from the liquidation compensation or profit for: (1) direct or indirect personal benefit;(2) the benefit of a family member of or a person associated with the liquidating agent; or(3) the benefit of a business enterprise with which the liquidating agent is associated, other than the credit union. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.