Sec. 7208.103. APPOINTMENT OF DIRECTORS

Latest version.

(a) Not earlier than April 1 or later than April 30 of each year, the appropriate number of directors, if any, shall be appointed to the board as provided by Subsection (b).
(b) Each member entity shall appoint:
(1) one director if the number of member entities is at least six;
(2) two directors if the number of member entities is at least three but less than six;
(3) three directors if there are two member entities; or
(4) six directors if there is one member entity.
(c) A participant entity or customer may not appoint a director.
(d) The appointment of a director is not valid unless the appointment is made as provided by this subchapter.

Added by Acts 2007, 80th Leg., R.S., Ch. 920 , Sec. 1.07, eff. April 1, 2009.

                    
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