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Tex. Finance Code § 122.062

COMPENSATION

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 122.062, COMPENSATION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645897
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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.