Sec. 431.142. AMENDMENT BY BOARD OF DIRECTORS. (a) The board at any time may file with the commission a written application requesting that the commission approve an amendment to the articles of incorporation.
(b) The application must specify the proposed amendment.
(c) The board shall amend the articles if the commission by resolution:
(1) determines that it is advisable to adopt the proposed amendment;
(2) authorizes the adoption of the amendment; and
(3) approves the form of the amendment.
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 E. Amendment or Restatement of Articles of Incorporation
Section 431.142. Amendment by Board of Directors
Section 431.143. Amendment by Commission
Section 431.144. Contents of Articles of Amendment
Section 431.145. Execution and Verification of Articles of Amendment
Section 431.146. Delivery and Filing of Articles of Amendment
Section 431.147. Suits Not Affected
Section 431.148. Restatement of Articles
Section 431.150. Restatement With Additional Amendment
Section 431.151. Change in Board Information Not Amendment
Section 431.152. Execution and Verification of Restatement of Articles
Section 431.153. Delivery and Filing of Restatement of Articles