Texas Finance Code - Section 15.302. Qualifications Of Commissioner
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§ 15.302. QUALIFICATIONS OF COMMISSIONER. (a) The
commissioner must have at least five years' practical experience in
the operation of credit unions during the 10 years preceding the
commissioner's appointment.
(b) The experience required by this section may consist of
experience:
(1) in exercising the powers and duties of a director,
officer, or committee member of a credit union; or
(2) in the employment of a credit union regulatory
agency.
(c) The commissioner may not:
(1) be a salaried officer, employee, or consultant of
a trade association in the credit union industry; or
(2) be related within the second degree by affinity or
consanguinity, as determined under Chapter 573, Government Code, to
a person who is a salaried officer, employee, or consultant of a
trade association in the credit union industry.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.
Section: 15.207 15.208 15.209 15.210 15.211 15.212 15.301 15.302 15.303 15.304 15.305 15.306 15.307 15.308 15.309
Last modified: August 10, 2007
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