Tex. Finance Code § 126.353
CONFLICT OF INTEREST
Texas · Texas Finance Code · Status: effective
Cite this
- Citation
- Tex. Finance Code § 126.353, CONFLICT OF INTEREST, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/646101
- Permanent ID
ys:prov:646101@1- SHA-256
baa769d814f0751ad7e060266ccf15e77554a5a4538b41ce4784e86cf48c81ce
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) The liquidating agent may not acquire an asset of the credit union in liquidation or purchase a loan of the credit union without the commissioner's prior written approval.
(b) A liquidating agent may not obtain from the liquidation compensation or profit for:
(1) direct or indirect personal benefit;
(2) the benefit of a family member of or a person associated with the liquidating agent; or
(3) the benefit of a business enterprise with which the liquidating agent is associated, other than the credit union.