Tex. Finance Code § 124.201
This is the official text of Tex. Finance Code § 124.201, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 124.201. AUTHORIZATION.
Official statutory text
Only if done in accordance with limitations imposed by Section 124.202, a credit union may make a loan or extend a line of credit to:
(1) a director, senior management employee, or member of the credit committee; or
(2) the immediate family of the director, senior management employee, or member of the credit committee.
(1) a director, senior management employee, or member of the credit committee; or
(2) the immediate family of the director, senior management employee, or member of the credit committee.
Status: in_force · Read it on the official government site
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