Sec. 431.029. ADVISORY DIRECTORS. (a) The board may appoint any number of advisory directors.
(b) An advisory director advises and assists the directors in promoting and developing new and expanded transportation facilities and systems.
(c) An advisory director serves until the completion of a particular project or at the will of the directors.
(d) An advisory director does not have a vote in the affairs of the corporation.
(e) An advisory director serves without compensation. The corporation may not reimburse an advisory director for expenses incurred in the performance of the director's duties.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Structure Texas Statutes
Subtitle I - Transportation Corporations
Chapter 431 - Texas Transportation Corporation Act
Subchapter B. Creation and Operation of Corporation
Section 431.021. Purpose of Corporation
Section 431.023. Adoption of Resolution
Section 431.024. Form of Corporation
Section 431.025. Articles of Incorporation
Section 431.026. Delivery and Filing of Certificate of Incorporation
Section 431.027. Effect of Issuance of Certificate of Incorporation
Section 431.029. Advisory Directors
Section 431.032. Indemnification