Fees, commissions or other forms of consideration prohibited

Tenn. Code Ann. § 45-11-109, under Financial Institutions Conversion Act.

Tenn. Code Ann. § 45-11-109

A director, officer, committee member, agent or senior management employee of a credit union, and immediate family members of such individuals shall not, directly or indirectly, receive a fee, commission, or other consideration, other than that person's usual salary or compensation for aiding, promoting, or assisting in a conversion under this chapter.