1. (a) A director appointed by a sponsor that has regulatory authority over an issue before the board shall:

   1. (1) before a vote or decision on the issue, file an affidavit stating the nature and extent of the regulatory authority; and
   2. (2) abstain from any further participation on the issue.

2. (b) A director required to file an affidavit related to an issue before the board under Subsection (a) may not:

   1. (1) attend a closed meeting related to the issue; and
   2. (2) vote on a matter related to the issue unless a majority of the directors are required to file an affidavit under Subsection (a) related to that issue.

Added by Acts 2025, 89th Leg., R.S., Ch. 29 (S.B. 1194), Sec. 1, eff. May 15, 2025.