Texas § LG.303.035 - BOARD
Full text of Texas The Texas Constitution § LG.303.035 — BOARD, with citation guidance and answers to common questions.
§ LG.303.035. BOARD
BOARD. (a) A corporation's affairs are governed by a board of directors composed of at least three individuals appointed by the sponsor's governing body. Directors may be divided into classes. (b) A director serves for a term of not more than six years. The terms of directors of different classes may be of different lengths. (c) A director holds office for the term to which the director is appointed and until a successor is appointed and has qualified. (d) The sponsor's governing body may remove a director for cause or at any time without cause. (e) A director serves without compensation but is entitled to reimbursement for actual expenses incurred in the performance of duties under this chapter. (f) A director has the same immunity from liability as is granted under the laws of this state to a member of the sponsor's governing body if the director was acting in good faith and in the course and scope of the duties or functions within the corporation. Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 8.103(a), eff. Sept. 1, 2001.
Frequently Asked Questions About Texas § LG.303.035
What does The Texas Constitution § LG.303.035 cover?
Section LG.303.035 ("BOARD") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § LG.303.035?
A common citation format is "The Texas Constitution § LG.303.035" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § LG.303.035 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.