Sec. 3875.078. COMMON LAW PRINCIPLES. A person who qualifies to serve on the board is qualified to serve as a director and participate in all votes pertaining to the business of the district regardless of any common-law doctrine or statute regarding conflict-of-interest, incompatibility, or similar matter to the contrary.
Added by Acts 2001, 77th Leg., Ch. 1204 (H.B. 3647), Sec. 1, eff. June 15, 2001.
Transferred and redesignated from Local Government Code, Chapter 385 by Acts 2015, 84th Leg., R.S., Ch. 1236 (S.B. 1296), Sec. 21.001(41), eff. September 1, 2015.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3875 - Smith County Economic Development District
Subchapter C. Board of Directors
Section 3875.071. Board of Directors
Section 3875.072. Qualifications
Section 3875.073. Initial Board
Section 3875.074. Elected Board
Section 3875.076. Director's Bond
Section 3875.077. Officers; Compensation; Quorum
Section 3875.078. Common Law Principles