Texas Business Organizations Code
§ 22.256 — APPROVAL OF CONVERSION
BO § 22.256Title 2. CORPORATIONS · Ch. 22. NONPROFIT CORPORATIONS · Art. F. FUNDAMENTAL BUSINESS TRANSACTIONS
Statute text
View on source(a)A domestic corporation must approve a conversion under Chapter 10 by complying with this section.
(b)If the corporation has no members or has no members with voting rights, the plan of conversion must be approved by the vote of directors required by Section 22.164.
(c)If the management of the affairs of the corporation is vested in its members under Section 22.202, the plan of conversion:
(1)must be submitted to a vote at an annual, regular, or special meeting of the members; and
(2)must be approved by the members by the vote required by Section 22.164.
(d)If the corporation has members with voting rights:
…
Legislative history
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.