Sec. 7201.057. SUBSTANTIAL BUSINESS INTEREST. For purposes of Chapter 171, Local Government Code, a director, in connection with a vote or decision by the board, is considered to have a substantial interest in a business entity if a person related to the director within the third degree by consanguinity or affinity, as determined under Chapter 573, Government Code, has a substantial interest in the business entity.
Added by Acts 2019, 86th Leg., R.S., Ch. 702 (S.B. 2552), Sec. 3, eff. September 1, 2019.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle C - Special Utility Districts
Chapter 7201 - Agua Special Utility District
Subchapter B. Board of Directors
Section 7201.0512. Initial Board Training
Section 7201.0513. Education Program
Section 7201.053. District Treasurer
Section 7201.054. Education for Directors
Section 7201.055. Composition of Board; Terms
Section 7201.0555. Election of Directors
Section 7201.056. Filing of Financial Statement by Director