Sec. 22.161. ELECTION OF DIRECTORS. (a) A member entitled to vote at an election of directors is entitled to vote, in person or by proxy, for as many persons as there are directors to be elected and for whose election the member has a right to vote.
(b) If expressly authorized by the corporation's certificate of formation, the member may cumulate the member's vote by:
(1) giving one candidate a number of votes equal to the number of the directors to be elected multiplied by the member's vote; or
(2) distributing the votes on the same principle among any number of the candidates.
(c) A member who intends to cumulate votes under Subsection (b) shall give written notice of the member's intention to the secretary of the corporation not later than the day preceding the date of the election.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Chapter 22 - Nonprofit Corporations
Section 22.152. Immunity From Liability
Section 22.153. Annual Meeting
Section 22.154. Failure to Call Annual Meeting
Section 22.155. Special Meetings of Members
Section 22.156. Notice of Meeting
Section 22.157. Special Bylaws Affecting Notice
Section 22.158. Preparation and Inspection of List of Voting Members
Section 22.159. Quorum of Members
Section 22.160. Voting of Members
Section 22.161. Election of Directors
Section 22.162. Greater Voting Requirements Under Certificate of Formation