Sec. 801.151.  ISSUANCE OF CERTIFICATE PROHIBITED.  Except as provided by Sections 801.153 and 801.154, the department may not issue a certificate of authority to an applicant if a corporate officer or member of the board of directors of the applicant has been convicted of a felony involving:
(1)  moral turpitude;  or
(2)  breach of a fiduciary duty.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.