{"data":{"id":"us-tx/tex.-business-organizations-code-21.402","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 21.402","heading":"BOARD MEMBER ELIGIBILITY REQUIREMENTS.","body":"Unless the certificate of formation or bylaws of a corporation provide otherwise, a director is not required to be a resident of this state or a shareholder of the corporation. The certificate of formation or bylaws may prescribe other qualifications for directors.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.\nAmended by:\nActs 2025, 89th Leg., R.S., Ch. 199 (S.B. 2411), Sec. 26, eff. September 1, 2025.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 2. CORPORATIONS","CHAPTER 21. FOR-PROFIT CORPORATIONS","SUBCHAPTER I. BOARD OF DIRECTORS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.21.htm#21.402","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"b2335870ee1e2bce0ab170bd5c8e19976167329137e7f46ac17312f042aa6762","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-21.401","next":"us-tx/tex.-business-organizations-code-21.403"},"notice":"GroundRules: Original legal text. Not legal advice."}