A director may not vote or act on a decision intended to directly and specifically affect an association in which the director has a direct interest.
Tex. Fin. Code § 273.108
CONFLICT OF INTEREST
Known as the Texas Savings and Loan Supplemental Fund Act
The act spans §§ 273–273 (44 sections).
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.