Tex.
Local Gov't Code Section 303.035
Board
(a)
A corporation’s affairs are governed by a board of directors composed of at least three individuals appointed by the sponsor’s governing body. Directors may be divided into classes.(b)
A director serves for a term of not more than six years. The terms of directors of different classes may be of different lengths.(c)
A director holds office for the term to which the director is appointed and until a successor is appointed and has qualified.(d)
The sponsor’s governing body may remove a director for cause or at any time without cause.(e)
A director serves without compensation but is entitled to reimbursement for actual expenses incurred in the performance of duties under this chapter.(f)
A director has the same immunity from liability as is granted under the laws of this state to a member of the sponsor’s governing body if the director was acting in good faith and in the course and scope of the duties or functions within the corporation.
Source:
Section 303.035 — Board, https://statutes.capitol.texas.gov/Docs/LG/htm/LG.303.htm#303.035 (accessed Jun. 5, 2024).
