Tex. Fin. Code § 273.109 · Subchapter B. ORGANIZATION OF CORPORATION
COMPENSATION; REIMBURSEMENT FOR EXPENSES.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
A director may not receive compensation for serving on the board but is entitled to reimbursement for actual expenses incurred in performing duties as a director.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.273.htm
- Text hash
- sha256 5838fac7778eef5e34ae6f8ebdda844ed0fb5da7add6851373da7a9e02f62ac3
- 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.