Sec. 431.031. QUORUM. (a) A quorum of a board is the lesser of:
(1) a majority of:
(A) the membership of the board under the bylaws; or
(B) if the bylaws do not provide the membership of the board, the membership of the board under the articles of incorporation; or
(2) the number, which must be more than two, set as the quorum by the articles of incorporation or the bylaws.
(b) An act of the majority of the directors present at a meeting at which there is a quorum is an act of the board, unless the act of a greater number is required by the articles of incorporation or the bylaws.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Structure Texas Statutes
Subtitle I - Transportation Corporations
Chapter 431 - Texas Transportation Corporation Act
Subchapter B. Creation and Operation of Corporation
Section 431.021. Purpose of Corporation
Section 431.023. Adoption of Resolution
Section 431.024. Form of Corporation
Section 431.025. Articles of Incorporation
Section 431.026. Delivery and Filing of Certificate of Incorporation
Section 431.027. Effect of Issuance of Certificate of Incorporation
Section 431.029. Advisory Directors
Section 431.032. Indemnification