Texas Business Organizations Code - Section 22.102. Bylaws
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§ 22.102. BYLAWS. (a) The initial bylaws of a
corporation shall be adopted by the corporation's board of
directors or, if the management of the corporation is vested in the
corporation's members, by the members.
(b) The bylaws may contain provisions for the regulation and
management of the affairs of the corporation that are consistent
with law and the certificate of formation.
(c) The board of directors may amend or repeal the bylaws,
or adopt new bylaws, unless:
(1) this chapter or the corporation's certificate of
formation wholly or partly reserves the power exclusively to the
corporation's members;
(2) the management of the corporation is vested in the
corporation's members; or
(3) in amending, repealing, or adopting a bylaw, the
members expressly provide that the board of directors may not amend
or repeal the bylaw.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 22.051 22.052 22.053 22.054 22.055 22.056 22.101 22.102 22.103 22.104 22.105 22.106 22.107 22.108 22.109
Last modified: August 11, 2007
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