Tex. Fin. Code § 15.311 · Subchapter D. COMMISSIONER AND OTHER EMPLOYEES OF COMMISSION
QUALIFICATIONS OF EMPLOYEES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A person may not be a department employee employed in a "bona fide executive, administrative, or professional capacity," as that phrase is used for purposes of establishing an exemption to the overtime provisions of the federal Fair Labor Standards Act of 1938 (29 U.S.C. Section 201 et seq.), 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.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.05(f), eff. Sept. 1, 1999.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 695 (H.B. 2735), Sec. 10, eff. September 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.15.htm
- Text hash
- sha256 aa777316a99bea14d642711f5cbecff0a4900331368e5edc8e846f67a9263e59
- 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.