Finance Code › Title 3 › Chapter 126 › Subchapter F

Texas Finance Code § 126.252

Compensation of Credit Union Employees and Officers

Credit Union Supervision and Regulation · 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.

Official text of the Texas Finance Code as published by the Texas Legislative Council.

Official source
Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.