Sec. 122.058. CHIEF EXECUTIVE OFFICER. (a) The board may employ, elect, or appoint a president, who is the chief executive officer in charge of operations.
(b) The president may be a board member but may not be chairman, vice chairman, or secretary of the credit union. The president serves at the board's pleasure.
(c) Subject to board guidelines, the president shall appoint or employ, and may discharge, any other officer or employee the president considers necessary to operate the credit union. The president shall prescribe the title of an officer or employee appointed or employed under this subsection.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 122 - Organizational and Financial Requirements
Section 122.052. Meetings of Members; Voting
Section 122.053. Board of Directors; Terms and Duties
Section 122.054. Qualification of Directors
Section 122.055. Vacancies; Removal
Section 122.056. Honorary or Advisory Directors
Section 122.057. Officers; Executive Committee
Section 122.058. Chief Executive Officer
Section 122.059. Delegation of Management and Loan Approval Authority
Section 122.060. Certificate of Election