Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 122.252: CONSIDERATION FOR LOAN, INVESTMENT, OR PURCHASE.

Where this section sits in the code

FINANCE CODE
TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
SUBTITLE D. CREDIT UNIONS
CHAPTER 122. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS
SUBCHAPTER F. MISCONDUCT AND ENFORCEMENT

(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.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Collected 2026-08-27T01:47:13Z. Source file · JSON

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