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Texas Business Organizations Code

§ 22.213 — QUORUM

BO § 22.213Title 2. CORPORATIONS · Ch. 22. NONPROFIT CORPORATIONS · Art. E. MANAGEMENT

Statute text

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(a)A quorum for the transaction of business by the board of directors of a corporation is the lesser of:
(1)the majority of the number of directors set by the corporation's bylaws or, in the absence of a bylaw setting the number of directors, a majority of the number of directors stated in the corporation's certificate of formation; or
(2)any number, not less than three, set as a quorum by the certificate of formation or bylaws.
(b)A director present by proxy at a meeting may not be counted toward a quorum.

Legislative history

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

Source: Texas Business Organizations Code § 22.213 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.