Texas Utilities Code

§ 162.073 — COMPENSATION OF DIRECTORS

UT § 162.073Title 4. DELIVERY OF UTILITY SERVICES · Part A. UTILITY CORPORATIONS AND OTHER PROVIDERS · Ch. 162. TELEPHONE COOPERATIVE CORPORATIONS · Art. B. CREATION AND OPERATION OF TELEPHONE COOPERATIVES

Statute text

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(a)A director may not receive a salary for services as a director. Except in an emergency, a director may not receive a salary for services in a capacity other than director without the approval of the members.

(b)The bylaws may:

(1)prescribe a fixed fee for attendance at each board meeting, committee meeting, industry-related conference approved by the board, or training program; and

(2)provide for reimbursement of actual expenses of attendance or a reasonable per diem.

Legislative history

Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.