Sec. 21.359. VOTING IN ELECTION OF DIRECTORS. (a) Subject to Subsection (b), directors of a corporation shall be elected by a plurality of the votes cast by the holders of shares entitled to vote in the election of directors at a meeting of shareholders at which a quorum is present.
(b) The certificate of formation or bylaws of a corporation may provide that a director of a corporation shall be elected only if the director receives:
(1) the vote of the holders of a specified portion, but not less than the majority, of the shares entitled to vote in the election of directors;
(2) the vote of the holders of a specified portion, but not less than the majority, of the shares entitled to vote in the election of directors and represented in person or by proxy at a meeting of shareholders at which a quorum is present; or
(3) the vote of the holders of a specified portion, but not less than the majority, of the votes cast by the holders of shares entitled to vote in the election of directors at a meeting of shareholders at which a quorum is present.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Chapter 21 - For-Profit Corporations
Subchapter H. Shareholders' Meetings; Notice to Shareholders; Voting and Quorum
Section 21.351. Annual Meeting
Section 21.352. Special Meetings
Section 21.3521. Shareholder Meetings by Remote Communication
Section 21.353. Notice of Meeting
Section 21.3531. Notice by Electronic Transmission
Section 21.354. Inspection of Voting List
Section 21.355. Closing of Share Transfer Records
Section 21.356. Record Date for Written Consent to Action
Section 21.357. Record Date for Purpose of Shareholders' Meeting
Section 21.359. Voting in Election of Directors
Section 21.360. No Cumulative Voting Right Unless Authorized
Section 21.361. Cumulative Voting in Election of Directors
Section 21.362. Cumulative Voting Right in Certain Corporations
Section 21.363. Voting on Matters Other Than Election of Directors
Section 21.364. Vote Required to Approve Fundamental Action
Section 21.365. Changes in Vote Required for Certain Matters
Section 21.366. Number of Votes per Share
Section 21.367. Voting in Person or by Proxy
Section 21.369. Revocability of Proxy
Section 21.370. Enforceability of Proxy