Compensation of Credit Union Employees and Officers

Tex. Finance Code § 126.252, under Chapter 126.

Tex. Finance Code § 126.252

Sec. 126.252. COMPENSATION OF CREDIT UNION EMPLOYEES AND OFFICERS. (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. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.