Gavvy: Fin. Code, Sec. 126.252. Compensation of Credit Union Employees and Officers.

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Sec. 126.252. Compensation of Credit Union Employees and Officers.

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.

Gavvy last updated this database on: Sep 6, 2024