Sec. 404.110. REMOVAL OF ADVISORY BOARD MEMBERS. The comptroller may remove from the advisory board an advisory board member at will or for any of the following causes:
(1) at the time of the member's appointment, the member did not have the qualifications prescribed by Section 404.108 or was ineligible under Section 404.109;
(2) while serving on the advisory board, the member does not maintain the qualifications prescribed by Section 404.108 or becomes ineligible for appointment under Section 404.109;
(3) for a substantial portion of the member's term, the member is unable to discharge the member's duties because of illness or disability; or
(4) without being excused by a majority vote of the advisory board, the member is absent from more than one-third of the regularly scheduled board meetings that the member is eligible to attend during a calendar year.
Added by Acts 2001, 77th Leg., ch. 1158, Sec. 27, eff. June 15, 2001.
Structure Texas Statutes
Subtitle A - Executive Officers
Chapter 404 - State Treasury Operations of Comptroller
Subchapter G. Texas Treasury Safekeeping Trust Company
Section 404.102. Creation of Trust Company
Section 404.104. Duties of Comptroller
Section 404.105. Capital or Reserve
Section 404.106. Earnings; Authorized Investments
Section 404.108. Trust Company Investment Advisory Board
Section 404.109. Restrictions on Advisory Board Appointment, Membership, and Employment
Section 404.110. Removal of Advisory Board Members
Section 404.111. Advisory Board Member Training
Section 404.112. Compensation; Expenses
Section 404.114. Investment Management
Section 404.116. Liability Insurance for Certain Board Members, Officials, and Staff