(a) A development corporation's affairs are governed by a board of directors composed of at least three individuals appointed by the sponsoring entity's governing body. Directors may be divided into classes.(b) A director serves for a term of not more than six years. The terms of directors of different classes may be of different lengths.(c) A director holds office for the term to which the director is appointed and until a successor is appointed and has qualified.(d) The sponsoring entity's governing body may remove a director for cause or at any time without cause.(e) A director serves without compensation but is entitled to reimbursement for actual expenses incurred in the performance of duties under this chapter.Tex. Health and Safety Code § 221.024
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. 9/1/1989.