Texas Business Corporation Act - Article 2.31. Board Of Directors

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Art. 2.31. Board of Directors                                                 

A. Except as provided by Article 2.30-1 and Part Twelve of this Act, 
the powers of a corporation shall be exercised by or under the 
authority of, and the business and affairs of a corporation shall be 
managed under the direction of, the board of directors of the 
corporation.  Directors need not be residents of this State or 
shareholders of the corporation unless the articles of 
incorporation or bylaws so require.  The articles of incorporation 
or bylaws may prescribe other qualifications for directors.

Acts 1955, 54th Leg., p. 239, ch. 64, eff. Sept. 6, 1955.  Amended by 
Acts 1989, 71st Leg., ch. 801, Sec. 16, eff. Aug. 28, 1989;  Acts 
1997, 75th Leg., ch. 375, Sec. 11, eff. Sept. 1, 1997.

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Last modified: August 10, 2007