Tex. Business Organizations Code § 22.223
This is the official text of Tex. Business Organizations Code § 22.223, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 22.223. NOT A TRUSTEE.
Official statutory text
A director of a corporation is not considered to have the duties of a trustee of a trust with respect to the corporation or with respect to property held or administered by the corporation, including property subject to restrictions imposed by the donor or transferor of the property.
Status: in_force · Read it on the official government site
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