12.107[2/2] – CONFLICT OF INTEREST. (a) In this section,
Texas Finance Code § 12.107[2/2]
Summary
This law allows the finance commission to create rules for managing conflicts of interest related to banking commissioners. It affects employees involved in regulatory matters, ensuring they recuse themselves from specific cases to avoid bias.
Finance commission can establish rules for conflict of interest management.
Exempted employees must recuse from relevant regulatory matters.
Rules can define terms and set additional limits or requirements.
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In simple terms: Learn about Texas's CONFLICT OF INTEREST. (a) In this section, law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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