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Tex. Finance Code § 122.252

CONSIDERATION FOR LOAN, INVESTMENT, OR PURCHASE

Texas · Texas Finance Code · Status: effective

Banking, Finance & Insurance
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Tex. Finance Code § 122.252, CONSIDERATION FOR LOAN, INVESTMENT, OR PURCHASE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645922
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(a) A person commits an offense if the person: (1) is a director, honorary director, advisory director, committee member, officer, or employee of a credit union; and (2) knowingly demands or receives, directly or indirectly, consideration for the credit union's making a specific loan or investment or purchasing an asset. (b) An offense under this section is a Class A misdemeanor.