(a) A corporation must have a board in which the powers of the corporation reside.(b) The board consists of three or more directors.(c) The commission shall appoint each director for a term that may not exceed six years.(d) The commission may remove a director for or without cause.(e) A director serves without compensation but is entitled to reimbursement from the corporation for expenses incurred in the performance of the director's duties.Tex. Transp. Code § 431.028
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.