122.061 – CONFLICTS OF INTEREST. (a) While serving as a
Texas Finance Code § 122.061
Summary
This law prohibits individuals in certain positions at a credit union from participating in decisions that could financially benefit themselves or their immediate family. It aims to prevent conflicts of interest and ensure fair decision-making within the credit union.
Applies to directors, officers, and employees of credit unions.
Prohibits participation in decisions affecting personal financial interests.
Aims to maintain integrity and fairness in credit union operations.
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In simple terms: Learn about Texas's CONFLICTS OF INTEREST. (a) While serving as a 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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