Sec. 122.063. BOND. The board shall purchase from a surety company authorized to do business in this state a blanket surety or security bond covering each director, honorary director, advisory director, officer, employee, member of an official committee, attorney, or other agent of the credit union as required by commission rule.
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