Tex. Bus. Org. Code § 21.712
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
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.
Tex. Bus. Org. Code § 21.712