{"data":{"id":"us-tx/tex.-business-organizations-code-21.654","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 21.654","heading":"TERM OF OFFICE OF DIRECTORS.","body":"Unless the director resigns or is removed in accordance with the certificate of formation or bylaws of the investment company, a director of an investment company shall serve as director for the term for which the director is elected and holds office until a successor is elected and qualifies.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.\nAmended by:\nActs 2005, 79th Leg., Ch. 64 (H.B. 1319), Sec. 65, eff. January 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 2. CORPORATIONS","CHAPTER 21. FOR-PROFIT CORPORATIONS","SUBCHAPTER N. PROVISIONS RELATING TO INVESTMENT COMPANIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.21.htm#21.654","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"a2ce3acd8d01a18f9f486b1b0113de2bce80b2cf0a9bbbcdd7f028323bc7f83c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-21.653","next":"us-tx/tex.-business-organizations-code-21.655"},"notice":"GroundRules: Original legal text. Not legal advice."}