Texas § 122.252 CONSIDERATION FOR LOAN, INVESTMENT, OR PURCHASE.

Texas Statutes

§ 122.252 — CONSIDERATION FOR LOAN, INVESTMENT, OR PURCHASE.

Texas § 122.252

Code FIFinance Code

This text of Texas § 122.252 (CONSIDERATION FOR LOAN, INVESTMENT, OR PURCHASE.) 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. § 122.252 (2026).

Text

Sec. 122.252. CONSIDERATION FOR LOAN, INVESTMENT, OR PURCHASE.

(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.

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Sec. 122.252. CONSIDERATION FOR LOAN, INVESTMENT, OR PURCHASE. (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.