Texas Special District Local Laws Code 3846.053 – Qualifications of Director
(a) To be qualified to serve as a director, a person must be at least 18 years old and:
(1) a district resident;
(2) an owner of real property in the district;
(3) an owner of stock, whether beneficial or otherwise, of a corporate owner of real property in the district;
(4) an owner of a beneficial interest in a trust that owns real property in the district; or
(5) an agent, employee, or tenant of a person described by Subdivision (2), (3), or (4).
(b) For purposes of this section, a person or entity that owns an interest in a general or limited partnership owning real property in the district or that has a lease of real property in the district with a remaining term of 10 years or more, excluding options, is considered to be an owner of real property.
Terms Used In Texas Special District Local Laws Code 3846.053
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Property: means real and personal property. See Texas Government Code 311.005
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.