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Texas Finance Code - Section 15.208. Matter In Which Commission Member Has Personal Interest

Legal Research Home > Texas Lawyer > Finance Code > Texas Finance Code - Section 15.208. Matter In Which Commission Member Has Personal Interest

§ 15.208. MATTER IN WHICH COMMISSION MEMBER HAS PERSONAL 
INTEREST.  (a) A commission member may not act on a matter under the 
commission's consideration that directly affects a credit union of 
which the member is an officer, director, or member.
	(b)  The commission shall adopt rules relating to recusal of 
members, requiring that a member who has a personal or private 
interest in a measure, proposal, or decision pending before the 
commission shall publicly disclose the fact to the commission at a 
meeting held in compliance with Chapter 551, Government Code.  The 
member may not vote or otherwise participate in the decision.  The 
disclosure shall be entered into the minutes of the meeting.

Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.  Amended 
by Acts 1999, 76th Leg., ch. 62, § 7.09(a), eff. Sept. 1, 1999.

Last modified: August 10, 2007