Tex. Finance Code § 122.062
This is the official text of Tex. Finance Code § 122.062, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 122.062. COMPENSATION.
Official statutory text
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.
(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.
Status: in_force · Read it on the official government site
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