Texas Business Organizations Code - Section 23.059. Term Of Office; Vacancy
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§ 23.059. TERM OF OFFICE; VACANCY. (a) A director of a
corporation holds office until the next annual election of
directors and until a successor is elected and qualified, unless
the director is removed at an earlier date in accordance with the
corporation's bylaws.
(b) A vacancy in the office of a director elected by the
members shall be filled by the directors elected by the members, and
a vacancy in the office of a director elected by the shareholders
shall be filled by the directors elected by the shareholders.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 23.052 23.053 23.054 23.055 23.056 23.057 23.058 23.059 23.060 23.061 23.062 23.063 23.064 23.065 23.066
Last modified: August 11, 2007
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