GroundRules
Tex. Business Organizations Code § 21.760: COMPENSATION OF PROVISIONAL DIRECTOR.
Where this section sits in the code
- BUSINESS ORGANIZATIONS CODE
- TITLE 2. CORPORATIONS
- CHAPTER 21. FOR-PROFIT CORPORATIONS
- SUBCHAPTER P. JUDICIAL PROCEEDINGS RELATING TO CLOSE CORPORATION
(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.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Collected 2026-08-27T01:46:58Z. Source file · JSON