§ 8835.051 Composition of Board; Terms
§ 8835.052 Appointment of Directors
§ 8835.053 Board Vacancy
§ 8835.054 Compensation; Expenses
§ 8835.055 Vote Required for Board Action
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Terms Used In Texas Special District Local Laws Code Chapter 8835 > 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.
  • Quorum: The number of legislators that must be present to do business.
  • 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