(a) A commission member may not vote on or otherwise participate in the deliberation or decision of a matter pending before the commission:
- (1) in which the commission member has a personal or private interest; or
- (2) which directly affects the credit union of which the commission member is an officer, director, or member.
- (b) The term "personal or private interest" shall be given the meaning as prescribed in Texas Government Code, §572.058, and includes a direct personal or financial interest in a credit union or other matter which is the subject of commission action.
- (c) A commission member who is disqualified under subsection (a) of this section shall publicly disclose the fact to the commission in a meeting called and held in compliance with the Open Meetings Act, Texas Government Code, Chapter 551. The disclosure shall be entered in the minutes of the meeting.
- (d) A commission member who is recused or disqualified will be counted in determining a quorum.
Source Note:The provisions of this §97.103 adopted to be effective February 17, 1998, 23 TexReg 1303.