1. (a) The commissioner must have at least five years' practical experience in the operation of credit unions during the 10 years preceding the commissioner's appointment.

2. (b) The experience required by this section may consist of experience:

   1. (1) in exercising the powers and duties of a director, officer, or committee member of a credit union; or
   2. (2) in the employment of a credit union regulatory agency.

3. (c) The commissioner may not:

   1. (1) be a salaried officer, employee, or consultant of a trade association in the credit union industry; or
   2. (2) be related within the second degree by affinity or consanguinity, as determined under Chapter 573, Government Code, to a person who is a salaried officer, employee, or consultant of a trade association in the credit union industry.

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