Tex. Bus. Orgs. Code § 21.654 · Subchapter N. PROVISIONS RELATING TO INVESTMENT COMPANIES

TERM OF OFFICE OF DIRECTORS.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

Unless the director resigns or is removed in accordance with the certificate of formation or bylaws of the investment company, a director of an investment company shall serve as director for the term for which the director is elected and holds office until a successor is elected and qualifies.

Notes and commentary — not statutory text

History

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Amended by:

Acts 2005, 79th Leg., Ch. 64 (H.B. 1319), Sec. 65, eff. January 1, 2006.

Source of truth

Edition: Current through the 89th 2nd Called Legislative Session, 2025
Official file: https://statutes.capitol.texas.gov/Docs/BO/htm/BO.21.htm
Text hash: sha256 3ff9c133e13b1221a3ae51ae80f85118276535147ecdf4d3b9591a561facdabd
Composed by: compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.