Tex. Water Code § 67.005
This is the official text of Tex. Water Code § 67.005, part of Texas’s Water Code — governs water rights and water resource management.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 67.005. DIRECTORS.
Official statutory text
(a) A corporation may not have more than 21 directors.
(b) The corporation may increase the number of directors by amendment to the bylaws but may not exceed the limit imposed by Subsection (a).
(c) The bylaws of the corporation may provide that directors serve staggered terms of approximately two or three years.
(d) At the first annual meeting of the shareholders, the directors shall be divided into two or three classes according to the length of the terms the directors serve. The classification of directors may not take effect before that meeting.
(e) The division of the directors and the corresponding terms must be set so that:
(1) one-half of the directors, as nearly as possible, are elected annually, if a two-year term is provided; or
(2) one-third of the directors, as nearly as possible, are elected annually, if a three-year term is provided.
(f) After the implementation of two-year or three-year terms for directors, as directors' terms expire, the members shall elect their successors to serve until the second or third succeeding annual meeting after their election, as appropriate.
(b) The corporation may increase the number of directors by amendment to the bylaws but may not exceed the limit imposed by Subsection (a).
(c) The bylaws of the corporation may provide that directors serve staggered terms of approximately two or three years.
(d) At the first annual meeting of the shareholders, the directors shall be divided into two or three classes according to the length of the terms the directors serve. The classification of directors may not take effect before that meeting.
(e) The division of the directors and the corresponding terms must be set so that:
(1) one-half of the directors, as nearly as possible, are elected annually, if a two-year term is provided; or
(2) one-third of the directors, as nearly as possible, are elected annually, if a three-year term is provided.
(f) After the implementation of two-year or three-year terms for directors, as directors' terms expire, the members shall elect their successors to serve until the second or third succeeding annual meeting after their election, as appropriate.
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.