Sec. 21.106. DIRECTOR'S BOND  


Latest version.
  • Each director must execute a $5,000 bond with a corporate surety authorized to do business in this state and conditioned on the faithful performance of the director's duties.

Added by Acts 2007, 80th Leg., R.S., Ch. 920 , Sec. 1.01, eff. April 1, 2009.