Sec. 21.055. NOTICE OF AND MEETING TO CONSIDER PROPOSED AMENDMENT. (a) Each shareholder of record entitled to vote shall be given written notice containing the proposed amendment or a summary of the changes to be effected within the time and in the manner provided by this code for giving notice of meetings to shareholders. The proposed amendment or summary may be included in the notice required to be provided for an annual meeting.
(b) At the meeting, the proposed amendment shall be adopted only on receiving the affirmative vote of shareholders entitled to vote required by Section 21.364.
(c) An unlimited number of amendments may be submitted for adoption by the shareholders at a meeting.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Chapter 21 - For-Profit Corporations
Subchapter B. Formation and Governing Documents
Section 21.051. No Property Right in Certificate of Formation
Section 21.052. Procedures to Adopt Amendment to Certificate of Formation
Section 21.053. Adoption of Amendment by Board of Directors
Section 21.054. Adoption of Amendment by Shareholders
Section 21.055. Notice of and Meeting to Consider Proposed Amendment