A director may not receive compensation for serving on the board but is entitled to reimbursement for actual expenses incurred in performing duties as a director.
Official text of the Texas Finance Code as published by the Texas Legislative Council.
Finance Code › Title 3 › Chapter 273 › Subchapter B
Texas Finance Code § 273.109
Compensation; Reimbursement for Expenses
Savings and Loan Supplemental Fund Act · Organization of Corporation
Legislative history
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.