Texas Special District Local Laws Code 3862.052 – Qualifications of Directors Appointed by City
Current as of: 2024 | Check for updates
|
Other versions
(a) To be qualified to serve as a director appointed by the governing body of the city, a person must be:
(1) a resident of the district who is also a registered voter of the district;
(2) an owner of property in the district;
(3) an owner of stock or a partnership or membership interest, whether beneficial or otherwise, of a corporate partnership, limited liability company, or other entity owner of a direct or indirect interest in property in the district;
(4) an owner of a beneficial interest in a trust, or a trustee in a trust, that directly or indirectly owns property in the district; or
(5) an agent, employee, or tenant of a person described by Subdivision (2), (3), or (4).
(b) § 49.052, Water Code, does not apply to the district.
Terms Used In Texas Special District Local Laws Code 3862.052
- 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
- Trustee: A person or institution holding and administering property in trust.