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Current as of January 01, 2024 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Texas Transportation Code - TRANSP § 431.028. Board - last updated January 01, 2024 | https://codes.findlaw.com/tx/transportation-code/transp-sect-431-028/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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