Sec. 3918.0202. QUALIFICATIONS OF DIRECTORS. To be qualified to serve as a director, a person must be:
(1) an owner of property in the district;
(2) an owner of stock or a partnership or membership interest, whether beneficial or otherwise, of a corporate owner of an interest in property in the district;
(3) an owner of a beneficial interest in a trust, or a trustee in a trust, that directly or indirectly owns property in the district; or
(4) an agent, employee, or tenant of a person described by Subdivision (1), (2), or (3).
Added by Acts 2021, 87th Leg., R.S., Ch. 990 (H.B. 4638), Sec. 1, eff. January 1, 2022.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3918 - Leander Municipal Management District No. 1
Subchapter B. Board of Directors
Section 3918.0201. Governing Body; Terms
Section 3918.0202. Qualifications of Directors
Section 3918.0203. Appointment of Directors
Section 3918.0206. Compensation; Expenses
Section 3918.0207. Liability Insurance