Sec. 501.301. AMENDMENT BY BOARD OF DIRECTORS. (a) The board of directors of a corporation at any time may file with the governing body of the corporation's authorizing unit a written application requesting that the authorizing unit approve an amendment to the certificate of formation.
(b) The application must specify the proposed amendment. The board of directors shall amend the certificate of formation in accordance with this subchapter if the governing body of the authorizing unit by resolution:
(1) determines that it is advisable to adopt the amendment;
(2) authorizes the adoption of the amendment; and
(3) approves the form of the amendment.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.
Structure Texas Statutes
Title 12 - Planning and Development
Chapter 501 - Provisions Governing Development Corporations
Subchapter G. Amendment or Restatement Of
Section 501.301. Amendment by Board of Directors
Section 501.302. Amendment by Unit
Section 501.303. Amendment to County Alliance Corporation's Certificate of Formation
Section 501.304. Contents of Certificate of Amendment
Section 501.305. Execution and Verification of Certificate of Amendment
Section 501.306. Delivery and Filing of Certificate of Amendment
Section 501.307. Suits or Rights Not Affected
Section 501.308. Restated Certificate of Formation
Section 501.310. Restatement With Additional Amendment
Section 501.311. Change in Certain Information Not Amendment
Section 501.312. Execution and Verification of Restated Certificate of Formation
Section 501.313. Delivery and Filing of Restated Certificate of Formation