Tex. Water Code § 67.005 · Subchapter A. GENERAL PROVISIONS
DIRECTORS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A corporation may not have more than 21 directors.
(b) The corporation may increase the number of directors by amendment to the bylaws but may not exceed the limit imposed by Subsection (a).
(c) The bylaws of the corporation may provide that directors serve staggered terms of approximately two or three years.
(d) At the first annual meeting of the shareholders, the directors shall be divided into two or three classes according to the length of the terms the directors serve. The classification of directors may not take effect before that meeting.
(e) The division of the directors and the corresponding terms must be set so that:
(1) one-half of the directors, as nearly as possible, are elected annually, if a two-year term is provided; or
(2) one-third of the directors, as nearly as possible, are elected annually, if a three-year term is provided.
(f) After the implementation of two-year or three-year terms for directors, as directors' terms expire, the members shall elect their successors to serve until the second or third succeeding annual meeting after their election, as appropriate.
Notes and commentary — not statutory text
History
Added by Acts 1997, 75th Leg., ch. 166, Sec. 2, 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/WA/htm/WA.67.htm
- Text hash
- sha256 63df678f8a07758bbfb21dbcc6bbb679ebf6e10016b787f2394cbf2f5a415a8a
- 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.