Texas § 162.073 COMPENSATION OF DIRECTORS.

Texas Statutes

§ 162.073 — COMPENSATION OF DIRECTORS.

Texas § 162.073

Code UTUtilities Code

This text of Texas § 162.073 (COMPENSATION 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. Utilities Code Code Ann. § 162.073 (2026).

Text

Sec. 162.073. COMPENSATION OF DIRECTORS.

(a)A director may not receive a salary for services as a director. Except in an emergency, a director may not receive a salary for services in a capacity other than director without the approval of the members.

(b)The bylaws may:

(1)prescribe a fixed fee for attendance at each board meeting, committee meeting, industry-related conference approved by the board, or training program; and

(2)provide for reimbursement of actual expenses of attendance or a reasonable per diem.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 162.073. COMPENSATION OF DIRECTORS. (a) A director may not receive a salary for services as a director. Except in an emergency, a director may not receive a salary for services in a capacity other than director without the approval of the members.
(b) The bylaws may:
(1) prescribe a fixed fee for attendance at each board meeting, committee meeting, industry-related conference approved by the board, or training program; and
(2) provide for reimbursement of actual expenses of attendance or a reasonable per diem.