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2021 Texas Statutes
Business Organizations Code
Title 2 - Corporations
Chapter 22 - Nonprofit Corporations
Subchapter E. Management
Section 22.223. Not a Trustee
Universal Citation: TX Bus Orgs § 22.223 (2021)
Sec. 22.223. NOT A TRUSTEE. A director of a corporation is not considered to have the duties of a trustee of a trust with respect to the corporation or with respect to property held or administered by the corporation, including property subject to restrictions imposed by the donor or transferor of the property.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
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