Texas Education Code - EDUC § 12.120. Restrictions on Serving as Member of Governing Body of Charter Holder or Open-Enrollment Charter School or As Officer or Employee

(1) has been convicted of a felony or a misdemeanor involving moral turpitude;

(2) has been convicted of an offense listed in Section 37.007(a);

(3) has been convicted of an offense listed in Article 62.001(5), Code of Criminal Procedure;  or

(4) has a substantial interest in a management company.

(1) as a teacher or educational aide if:

(2) in a position other than a position described by Subdivision (1) if a school district could employ the person in that position.

(1) has a controlling interest in the company;

(2) owns more than 10 percent of the voting interest in the company;

(3) owns more than $25,000 of the fair market value of the company;

(4) has a direct or indirect participating interest by shares, stock, or otherwise, regardless of whether voting rights are included, in more than 10 percent of the profits, proceeds, or capital gains of the company;

(5) is a member of the board of directors or other governing body of the company;

(6) serves as an elected officer of the company;  or

(7) is an employee of the company.