Sec. 21.405. ELECTION OF BOARD OF DIRECTORS. (a) At the first annual meeting of shareholders of a corporation and at each subsequent annual meeting of shareholders, the holders of shares entitled to vote in the election of directors shall elect directors for the term provided under Section 21.407, except as provided by Section 21.408.
(b) A corporation's certificate of formation may provide that the holders of a class or series of shares or a group of classes or series of shares are entitled to elect one or more directors of the corporation.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Chapter 21 - For-Profit Corporations
Subchapter I. Board of Directors
Section 21.401. Management by Board of Directors
Section 21.402. Board Member Eligibility Requirements
Section 21.403. Number of Directors
Section 21.404. Designation of Initial Board of Directors
Section 21.405. Election of Board of Directors
Section 21.406. Special Voting Rights of Directors
Section 21.407. Term of Office
Section 21.408. Special Terms of Office
Section 21.409. Removal of Directors
Section 21.4091. Resignation of Directors
Section 21.411. Notice of Meeting
Section 21.412. Waiver of Notice
Section 21.414. Dissent to or Abstention From Action
Section 21.415. Action by Directors
Section 21.416. Committees of Board of Directors
Section 21.417. Election of Officers
Section 21.418. Contracts or Transactions Involving Interested Directors and Officers