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

Tex. Finance Code § 126.252: COMPENSATION OF CREDIT UNION EMPLOYEES AND OFFICERS.

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Where this section sits in the code
  1. FINANCE CODE
  2. TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
  3. SUBTITLE D. CREDIT UNIONS
  4. CHAPTER 126. CREDIT UNION SUPERVISION AND REGULATION
  5. SUBCHAPTER F. ADMINISTRATION OF LIQUIDATION

(a) This chapter does not prevent compensation of a salaried employee or officer of a credit union during the credit union's liquidation.

(b) The compensation is considered an incidental expense of the liquidation.

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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