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Texas Business Organizations Code

§ 22.102 — BYLAWS

BO § 22.102Title 2. CORPORATIONS · Ch. 22. NONPROFIT CORPORATIONS · Art. C. FORMATION AND GOVERNING DOCUMENTS

Statute text

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(a)The initial bylaws of a corporation shall be adopted by the corporation's board of directors or, if the management of the corporation is vested in the corporation's members, by the members.
(b)The bylaws may contain provisions for the regulation and management of the affairs of the corporation that are consistent with law and the certificate of formation.
(c)The board of directors may amend or repeal the bylaws, or adopt new bylaws, unless:
(1)this chapter or the corporation's certificate of formation wholly or partly reserves the power exclusively to the corporation's members;
(2)the management of the corporation is vested in the corporation's members; or
(3)in amending, repealing, or adopting a bylaw, the members expressly provide that the board of directors may not amend or repeal the bylaw.

Legislative history

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

Source: Texas Business Organizations Code § 22.102 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.