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Texas Business Organizations Code

§ 21.055 — NOTICE OF AND MEETING TO CONSIDER PROPOSED AMENDMENT

BO § 21.055Title 2. CORPORATIONS · Ch. 21. FOR-PROFIT CORPORATIONS · Art. B. FORMATION AND GOVERNING DOCUMENTS

Statute text

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(a)Each shareholder of record entitled to vote shall be given written notice containing the proposed amendment or a summary of the changes to be effected within the time and in the manner provided by this code for giving notice of meetings to shareholders. The proposed amendment or summary may be included in the notice required to be provided for an annual meeting.
(b)At the meeting, the proposed amendment shall be adopted only on receiving the affirmative vote of shareholders entitled to vote required by Section 21.364.
(c)An unlimited number of amendments may be submitted for adoption by the shareholders at a meeting.

Legislative history

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Source: Texas Business Organizations Code § 21.055 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.