Texas Utilities Code 251.055 – Board of Directors
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(a) The board of directors of the corporation is composed of the following 12 members appointed by the governor:
(1) six representatives of the general public;
(2) one representative of the gas industry;
(3) one representative of the telecommunications industry;
(4) one representative of the electric industry;
(5) one representative of cable television companies;
(6) one representative of municipalities; and
(7) one representative of persons who engage in excavation operations who are not also facility operators.
(b) Board membership is voluntary and a director is not entitled to receive compensation for serving on the board.
Terms Used In Texas Utilities Code 251.055
- 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.