Texas § 122.062 COMPENSATION.

Texas Statutes

§ 122.062 — COMPENSATION.

Texas § 122.062

Code FIFinance Code

This text of Texas § 122.062 (COMPENSATION.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Finance Code Code Ann. § 122.062 (2026).

Text

Sec. 122.062. COMPENSATION. 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:

(1)provided with reasonable health, life, accident, liability, or similar insurance protection;

(2)reimbursed for necessary expenses incurred in the performance of the person's duties; and

(3)paid the fees and reimbursed for other expenditures authorized by commission rules.

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Sec. 122.062. COMPENSATION. 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:
(1) provided with reasonable health, life, accident, liability, or similar insurance protection;
(2) reimbursed for necessary expenses incurred in the performance of the person's duties; and
(3) paid the fees and reimbursed for other expenditures authorized by commission rules.