Texas § 15.302 QUALIFICATIONS OF COMMISSIONER.

Texas Statutes

§ 15.302 — QUALIFICATIONS OF COMMISSIONER.

Texas § 15.302

Code FIFinance Code

This text of Texas § 15.302 (QUALIFICATIONS OF COMMISSIONER.) 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. § 15.302 (2026).

Text

Sec. 15.302. QUALIFICATIONS OF COMMISSIONER.

(a)The commissioner must have at least five years' practical experience in the operation of credit unions during the 10 years preceding the commissioner's appointment.

(b)The experience required by this section may consist of experience:

(1)in exercising the powers and duties of a director, officer, or committee member of a credit union; or

(2)in the employment of a credit union regulatory agency.

(c)A person may not be appointed commissioner if:

(1)the person is an officer, employee, or paid consultant of a Texas trade association in the financial institutions field; or

(2)the person's spouse is an officer, manager, or paid consultant of a Texas trade association in the financial institutions field.

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Sec. 15.302. QUALIFICATIONS OF COMMISSIONER. (a) The commissioner must have at least five years' practical experience in the operation of credit unions during the 10 years preceding the commissioner's appointment.
(b) The experience required by this section may consist of experience:
(1) in exercising the powers and duties of a director, officer, or committee member of a credit union; or
(2) in the employment of a credit union regulatory agency.
(c) A person may not be appointed commissioner if:
(1) the person is an officer, employee, or paid consultant of a Texas trade association in the financial institutions field; or
(2) the person's spouse is an officer, manager, or paid consultant of a Texas trade association in the financial institutions field.

Legislative History

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by: Acts 2009, 81st Leg., R.S., Ch. 695 (H.B. 2735 ), Sec. 8, eff. September 1, 2009.