Texas Special District Local Laws Code Chapter 3902 > Subchapter B – Board of Directors
Current as of: 2024 | Check for updates
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Other versions
| § 3902.051 | Governing Body; Terms |
| § 3902.052 | Qualifications |
| § 3902.053 | Appointment of Directors |
| § 3902.054 | Ex Officio Directors |
| § 3902.055 | Vacancy |
| § 3902.056 | Compensation; Expenses |
Terms Used In Texas Special District Local Laws Code Chapter 3902 > Subchapter B - Board of Directors
- 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.
- Ex officio: Literally, by virtue of one's office.
- 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
- Quorum: The number of legislators that must be present to do business.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
- Year: means 12 consecutive months. See Texas Government Code 311.005