Texas Business Organizations Code - Section 21.053. Adoption Of Amendment By Board Of Directors
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§ 21.053. ADOPTION OF AMENDMENT BY BOARD OF
DIRECTORS. (a) If a corporation does not have any issued and
outstanding shares, the board of directors may adopt a proposed
amendment to the corporation's certificate of formation by
resolution without shareholder approval.
(b) Notwithstanding Section 21.054, the board of directors
may adopt a proposed amendment without shareholder approval in the
manner provided by Section 21.155 if the amendment to the
corporation's certificate of formation relates to a series of
shares established by the board under authority granted to the
board in the certificate of formation as provided by Section
21.155.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006. Amended by
Acts 2005, 79th Leg., ch. 64, § 44, eff. Jan. 1, 2006.
Section: 12.261 20.001 20.002 21.001 21.002 21.051 21.052 21.053 21.054 21.055 21.056 21.057 21.058 21.059 21.101
Last modified: August 11, 2007
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