Tex. Health & Safety Code § 221.025 · Subchapter B. CREATION AND OPERATION OF DEVELOPMENT CORPORATION
OFFICERS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The officers of a development corporation are:
(1) the president, vice-president, and secretary; and
(2) other officers, including a treasurer, and assistant officers considered necessary.
(b) An officer is elected or appointed at the time, in the manner, and for the term provided by the articles of incorporation or bylaws, except that an officer's term may not exceed three years. If the articles of incorporation or bylaws do not contain those requirements, the board of directors shall elect or appoint each officer annually.
(c) A person may simultaneously hold more than one office, except that the same person may not simultaneously hold the offices of president and secretary.
(d) An officer may be removed by the persons authorized to elect or appoint that officer if those persons believe the best interests of the corporation will be served by the removal.
Notes and commentary — not statutory text
History
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/HS/htm/HS.221.htm
- Text hash
- sha256 456388b0dfb70824aee8477246d9eeb87e231c2c036d83d65701a3b48ca8406b
- 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.