Public-domain · open source
OpenJurist

Tex. Bus. Orgs. Code § 21.760

COMPENSATION OF PROVISIONAL DIRECTOR

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff

(a) The compensation of a provisional director shall be determined by an agreement between the provisional director and the close corporation, subject to court approval.

(b) The court may set the compensation in the absence of an agreement or in the event of a disagreement between the provisional director and the close corporation.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.