Sec. 303.040. MEETINGS; QUORUM. (a) A regular or special meeting of the board of directors must be called and held as provided by the bylaws. A regular or special meeting may be held at any location in this state.
(b) A director's attendance at a meeting waives notice to the director of the meeting, unless the attendance is for the express purpose of objecting to the transaction of any business on the ground that the meeting is not lawfully called or convened.
(c) A quorum is the lesser of:
(1) a majority of the number of directors established by the bylaws or, if the bylaws do not establish a number of directors, a majority of the number of directors stated in the articles of incorporation; or
(2) the number of directors, not less than three, established as a quorum by the articles of incorporation or bylaws.
(d) The act of a majority of the directors present at a meeting at which a quorum is present is an act of the board of directors, unless the act of a larger number is required by the articles of incorporation or bylaws.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.
Structure Texas Statutes
Title 9 - Public Buildings and Grounds
Subtitle C - Public Building Provisions Applying to More Than One Type of Local Government
Chapter 303 - Public Facility Corporations
Subchapter B. Creation and Operation of Public Facility Corporation
Section 303.021. Authority to Create
Section 303.022. Creation Under Other Law
Section 303.024. Articles of Incorporation
Section 303.025. Certificate of Incorporation; Beginning of Corporate Existence
Section 303.026. Organizational Meeting
Section 303.028. Certificate of Amendment
Section 303.029. Restated Articles of Incorporation
Section 303.030. Restated Certificate of Incorporation
Section 303.031. Registered Office and Agent
Section 303.032. Change of Registered Office or Agent
Section 303.033. Resignation of Registered Agent
Section 303.034. Agents for Service
Section 303.037. Indemnification
Section 303.040. Meetings; Quorum
Section 303.041. Corporation's General Powers
Section 303.044. Open Meetings; Open Records
Section 303.045. Alteration of Corporation or Activities