Texas Business Organizations Code
§ 22.161 — ELECTION OF DIRECTORS
BO § 22.161Title 2. CORPORATIONS · Ch. 22. NONPROFIT CORPORATIONS · Art. D. MEMBERS
Statute text
View on source(a)A member entitled to vote at an election of directors is entitled to vote, in person or by proxy, for as many persons as there are directors to be elected and for whose election the member has a right to vote.
(b)If expressly authorized by the corporation's certificate of formation, the member may cumulate the member's vote by:
(1)giving one candidate a number of votes equal to the number of the directors to be elected multiplied by the member's vote; or
(2)distributing the votes on the same principle among any number of the candidates.
(c)A member who intends to cumulate votes under Subsection (b) shall give written notice of the member's intention to the secretary of the corporation not later than the day preceding the date of the election.
Legislative history
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.