Tex. Transp. Code § 431.028 · Subchapter B. CREATION AND OPERATION OF CORPORATION
BOARD.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A corporation must have a board in which the powers of the corporation reside.
(b) The board consists of three or more directors.
(c) The commission shall appoint each director for a term that may not exceed six years.
(d) The commission may remove a director for or without cause.
(e) A director serves without compensation but is entitled to reimbursement from the corporation for expenses incurred in the performance of the director's duties.
Notes and commentary — not statutory text
History
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.431.htm
- Text hash
- sha256 78253f6c5e8c80fc6212d92c1a09e8f8a84adf8593197f3738ab50a7c5dbcf20
- 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.