Public-domain · open source
OpenJurist

Tex. Util. Code § 162.073

COMPENSATION OF DIRECTORS

Known as the Telephone Cooperative Act

The act spans §§ 162–162 (61 sections).

Acts 1997, 75th Leg., ch. 166, Sec. 1, eff

(a) A director may not receive a salary for services as a director. Except in an emergency, a director may not receive a salary for services in a capacity other than director without the approval of the members.

(b) The bylaws may:

(1) prescribe a fixed fee for attendance at each board meeting, committee meeting, industry-related conference approved by the board, or training program; and

(2) provide for reimbursement of actual expenses of attendance or a reasonable per diem.

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