Texas Business Organizations Code - Section 21.057. Bylaws
Legal Research Home >
Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 21.057. Bylaws
§ 21.057. BYLAWS. (a) The board of directors of a
corporation shall adopt initial bylaws.
(b) The bylaws may contain provisions for the regulation and
management of the affairs of the corporation that are consistent
with law and the corporation's certificate of formation.
(c) A corporation's board of directors may amend or repeal
bylaws or adopt new bylaws unless:
(1) the corporation's certificate of formation or this
code wholly or partly reserves the power exclusively to the
corporation's shareholders; or
(2) in amending, repealing, or adopting a bylaw, the
shareholders expressly provide that the board of directors may not
amend, repeal, or readopt that bylaw.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 21.002 21.051 21.052 21.053 21.054 21.055 21.056 21.057 21.058 21.059 21.101 21.102 21.103 21.104 21.105
Last modified: August 11, 2007
|
