Tex. Bus. Org. Code § 22.223
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
A director of a corporation is not considered to have the duties of a trustee of a trust with respect to the corporation or with respect to property held or administered by the corporation, including property subject to restrictions imposed by the donor or transferor of the property.
Tex. Bus. Org. Code § 22.223