Sec. 21.413. QUORUM. (a) A quorum of the board of directors is the majority of the number of directors set or established in the manner provided by the certificate of formation or bylaws of a corporation unless the laws of this state, the certificate of formation, or the bylaws require a different number or portion.
(b) Neither the certificate of formation nor the bylaws may provide that less than one-third of the number of directors constitutes a quorum.
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