Tex. Bus. Orgs. Code § 21.760 · Subchapter P. JUDICIAL PROCEEDINGS RELATING TO CLOSE CORPORATION
COMPENSATION OF PROVISIONAL DIRECTOR.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The compensation of a provisional director shall be determined by an agreement between the provisional director and the close corporation, subject to court approval.
(b) The court may set the compensation in the absence of an agreement or in the event of a disagreement between the provisional director and the close corporation.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 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 184096f787e9e9380543d0bd077d19f50d69add83d52c395dbf802bd8932d314
- 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.