Tex. Business Organizations Code § 21.654

This is the official text of Tex. Business Organizations Code § 21.654, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.

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§ 21.654. TERM OF OFFICE OF DIRECTORS.

Official statutory text

Unless the director resigns or is removed in accordance with the certificate of formation or bylaws of the investment company, a director of an investment company shall serve as director for the term for which the director is elected and holds office until a successor is elected and qualifies.

Status: in_force · Read it on the official government site

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