Utilities Code › Title 4 › Chapter 162 › Subchapter B

Texas Utilities Code § 162.073

Compensation of Directors

Telephone Cooperative Corporations · Creation and Operation of Telephone Cooperatives

(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.

Official text of the Texas Utilities Code as published by the Texas Legislative Council.

Official source
Legislative history

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