{"data":{"id":"us-tx/tex.-business-organizations-code-23.059","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 23.059","heading":"TERM OF OFFICE; VACANCY.","body":"(a) A director of a corporation holds office until the next annual election of directors and until a successor is elected and qualified, unless the director is removed at an earlier date in accordance with the corporation's bylaws.\n(b) A vacancy in the office of a director elected by the members shall be filled by the directors elected by the members, and a vacancy in the office of a director elected by the shareholders shall be filled by the directors elected by the shareholders.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 2. CORPORATIONS","CHAPTER 23. SPECIAL-PURPOSE CORPORATIONS","SUBCHAPTER B. BUSINESS DEVELOPMENT CORPORATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.23.htm#23.059","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"db75ff4487ac3580ad2d19976a29071e507ff2bef1e35a4495ba8f5f06180ab7","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-23.058","next":"us-tx/tex.-business-organizations-code-23.060"},"notice":"GroundRules: Original legal text. Not legal advice."}