Sec. 21.402. BOARD MEMBER ELIGIBILITY REQUIREMENTS. Unless the certificate of formation or bylaws of a corporation provide otherwise, a person is not required to be a resident of this state or a shareholder of the corporation to serve as a director. The certificate of formation or bylaws may prescribe other qualifications for directors.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Chapter 21 - For-Profit Corporations
Subchapter I. Board of Directors
Section 21.401. Management by Board of Directors
Section 21.402. Board Member Eligibility Requirements
Section 21.403. Number of Directors
Section 21.404. Designation of Initial Board of Directors
Section 21.405. Election of Board of Directors
Section 21.406. Special Voting Rights of Directors
Section 21.407. Term of Office
Section 21.408. Special Terms of Office
Section 21.409. Removal of Directors
Section 21.4091. Resignation of Directors
Section 21.411. Notice of Meeting
Section 21.412. Waiver of Notice
Section 21.414. Dissent to or Abstention From Action
Section 21.415. Action by Directors
Section 21.416. Committees of Board of Directors
Section 21.417. Election of Officers
Section 21.418. Contracts or Transactions Involving Interested Directors and Officers