Texas Local Government Code 504.051 – Board of Directors
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(a) The board of directors of a Type A corporation consists of at least five directors.
(b) A director is appointed by the governing body of the authorizing municipality, serves at the pleasure of that governing body, and may be removed by that governing body at any time without cause.
Terms Used In Texas Local Government Code 504.051
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Municipality: means a general-law municipality, home-rule municipality, or special-law municipality. See Texas Local Government Code 1.005
(c) The governing body of the authorizing municipality shall determine the number of directors and the length of each director’s term, except that the length of a director’s term may not exceed six years.