Sec. 122.064. INDEMNIFICATION

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A credit union may elect to indemnify a director, officer, employee, or agent of the credit union or another person and to purchase insurance:
(1) by adopting the indemnification and insurance procedures of Section 2.22A, Texas Non-Profit Corporation Act (Article 1396-2.22A, Vernon's Texas Civil Statutes); or
(2) in another manner determined by the board.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

                    
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