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Tex. Utilities Code § 162.073

COMPENSATION OF DIRECTORS

Texas · Texas Utilities Code · Status: effective

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Tex. Utilities Code § 162.073, COMPENSATION OF DIRECTORS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/577995
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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.