Sec. 2602.054. TERM; VACANCY. (a) Board members serve staggered six-year terms, with the terms of three members expiring each odd-numbered year. A member may serve more than one term.
(b) A member shall serve until a successor is appointed.
(c) If a member other than a public representative ceases to be an officer or employee of a title insurance company or agent, the member's office becomes vacant.
(d) The commissioner shall appoint an individual to fill a vacancy on the board for the unexpired term.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Structure Texas Statutes
Subtitle C - Financial Solvency
Chapter 2602 - Texas Title Insurance Guaranty Association
Subchapter B. Governance of Texas Title Insurance Guaranty Association
Section 2602.051. Association as Legal Entity; Supervision; Membership
Section 2602.052. Board of Directors
Section 2602.053. Eligibility to Serve as Public Representative
Section 2602.054. Term; Vacancy
Section 2602.055. Compensation of Board Members
Section 2602.057. Rights of Title Insurance Company With Representative on Board