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2019 Tennessee Code
Title 45 - Banks and Financial Institutions
Chapter 11 - Financial Institutions Conversion Act
§ 45-11-109. Fees, commissions or other forms of consideration prohibited.
Universal Citation: TN Code § 45-11-109 (2019)
A director, officer, committee member, agent or senior management employee of a credit union, and immediate family members of such individuals shall not, directly or indirectly, receive a fee, commission, or other consideration, other than that person's usual salary or compensation for aiding, promoting, or assisting in a conversion under this chapter.
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