Sec. 126.353.  CONFLICT OF INTEREST.  (a)  The liquidating agent may not acquire an asset of the credit union in liquidation or purchase a loan of the credit union without the commissioner's prior written approval.
(b)  A liquidating agent may not obtain from the liquidation compensation or profit for:
(1)  direct or indirect personal benefit;
(2)  the benefit of a family member of or a person associated with the liquidating agent;  or
(3)  the benefit of a business enterprise with which the liquidating agent is associated, other than the credit union.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.