Tex. Fin. Code § 126.252 · Subchapter F. ADMINISTRATION OF LIQUIDATION
COMPENSATION OF CREDIT UNION EMPLOYEES AND OFFICERS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.126.htm
- Text hash
- sha256 8b32173c7f41e9b7798070a14d81edc73e7e9317d302008bdd474de817819151
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.