A director may not receive compensation for serving on the board but is entitled to reimbursement for actual expenses incurred in performing duties as a director.
Tex. Fin. Code § 273.109
COMPENSATION; REIMBURSEMENT FOR EXPENSES
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.