Texas § 501.062 BOARD OF DIRECTORS.

Texas Statutes

§ 501.062 — BOARD OF DIRECTORS.

Texas § 501.062

Code LGLocal Government Code

This text of Texas § 501.062 (BOARD OF DIRECTORS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Local Government Code Code Ann. § 501.062 (2026).

Text

Sec. 501.062. BOARD OF DIRECTORS.

(a)All of the powers of a corporation are vested in a board of directors consisting of three or more directors appointed by the governing body of the corporation's authorizing unit.

(b)A director serves for a term of not more than six years.

(c)The governing body of the corporation's authorizing unit may remove a director for cause or at will.

(d)A director serves without compensation, but is entitled to reimbursement for actual expenses incurred in the performance of the director's duties under this subtitle.

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Sec. 501.062. BOARD OF DIRECTORS. (a) All of the powers of a corporation are vested in a board of directors consisting of three or more directors appointed by the governing body of the corporation's authorizing unit.
(b) A director serves for a term of not more than six years.
(c) The governing body of the corporation's authorizing unit may remove a director for cause or at will.
(d) A director serves without compensation, but is entitled to reimbursement for actual expenses incurred in the performance of the director's duties under this subtitle.