(a) A trust shall be governed by a board of directors.
(b) If a trust holds land that provides at least 100 housing units, at least one-third of the board members must reside in housing units located on land held by the trust.
Tex. Loc. Gov't Code § 373A.104
BOARD OF DIRECTORS
Added by Acts 2005, 79th Leg., Ch. 495 (H.B. 525), Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.