{"data":{"id":"us-tx/tex.-finance-code-122.062","jurisdiction":"us-tx","citation":"Tex. Finance Code § 122.062","heading":"COMPENSATION.","body":"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:\n(1) provided with reasonable health, life, accident, liability, or similar insurance protection;\n(2) reimbursed for necessary expenses incurred in the performance of the person's duties; and\n(3) paid the fees and reimbursed for other expenditures authorized by commission rules.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE D. CREDIT UNIONS","CHAPTER 122. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS","SUBCHAPTER B. ADMINISTRATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.122.htm#122.062","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"91aa477b1359da348750cac2d793303b0615b0356f15774c4575c87378175f07","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-122.061","next":"us-tx/tex.-finance-code-122.063"},"notice":"GroundRules: Original legal text. Not legal advice."}