Tex. Finance Code § 15.208
This is the official text of Tex. Finance Code § 15.208, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 15.208. MATTER IN WHICH COMMISSION MEMBER HAS PERSONAL INTEREST.
Official statutory text
(a) A commission member may not act on a matter under the commission's consideration that directly affects a credit union of which the member is an officer, director, or member.
(b) The commission shall adopt rules relating to recusal of members, requiring that a member who has a personal or private interest in a measure, proposal, or decision pending before the commission shall publicly disclose the fact to the commission at a meeting held in compliance with Chapter 551, Government Code. The member may not vote or otherwise participate in the decision. The disclosure shall be entered into the minutes of the meeting.
(b) The commission shall adopt rules relating to recusal of members, requiring that a member who has a personal or private interest in a measure, proposal, or decision pending before the commission shall publicly disclose the fact to the commission at a meeting held in compliance with Chapter 551, Government Code. The member may not vote or otherwise participate in the decision. The disclosure shall be entered into the minutes of the meeting.
Status: in_force · Read it on the official government site
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