{"data":{"id":"us-tx/tex.-business-organizations-code-21.712","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 21.712","heading":"TERM OF OFFICE OF DIRECTORS.","body":"A director succeeding to the management of the corporation under Section 21.710(c) shall have a term of office as set forth in Section 21.408. Until a board of directors is elected, the shareholders of the corporation shall act as the corporation's board of directors, and the business and affairs of the corporation shall be conducted under Section 21.726.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 2. CORPORATIONS","CHAPTER 21. FOR-PROFIT CORPORATIONS","SUBCHAPTER O. CLOSE CORPORATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.21.htm#21.712","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"912d6bd5d9eb58d511f33492f779e710ad18996d4a6bae972a922b1434c05437","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-21.711","next":"us-tx/tex.-business-organizations-code-21.713"},"notice":"GroundRules: Original legal text. Not legal advice."}