Texas Statutes
Subchapter B. Board of Directors
Section 379H.054. Board Actions

Sec. 379H.054. BOARD ACTIONS. (a) Subject to Subsection (b), actions of the board must be approved by the affirmative vote of a quorum of the board.
(b) Action on the following matters requires approval by a majority of the total membership of the board:
(1) adoption of bylaws or rules for conduct of the business of the land bank for which the board serves;
(2) hiring or firing of any employee or contractor of the land bank for which the board serves;
(3) incurring debt;
(4) adoption or amendment of the annual budget; and
(5) sale, lease, encumbrance, or alienation of or improvements to real or personal property with a value of more than $50,000.
(c) By majority vote, the board may delegate the hiring and firing of employees and contractors to a specific officer or committee of the land bank for which the board serves, under terms and to the extent specified by the board.
(d) A board member may not vote by proxy.
(e) A board member may request a recorded vote on any resolution or action of the land bank.
Added by Acts 2021, 87th Leg., R.S., Ch. 780 (S.B. 1679), Sec. 1, eff. September 1, 2021.

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