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Texas Business Organizations Code - Section 22.161. Election Of Directors

Legal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 22.161. Election Of Directors

§ 22.161. ELECTION OF DIRECTORS.  (a) A member entitled 
to vote at an election of directors is entitled to vote, in person 
or by proxy, for as many persons as there are directors to be 
elected and for whose election the member has a right to vote.
	(b)  If expressly authorized by the corporation's 
certificate of formation, the member may cumulate the member's vote 
by:
		(1)  giving one candidate a number of votes equal to the 
number of the directors to be elected multiplied by the member's 
vote;  or
		(2)  distributing the votes on the same principle among 
any number of the candidates.
	(c)  A member who intends to cumulate votes under Subsection 
(b) shall give written notice of the member's intention to the 
secretary of the corporation not later than the day preceding the 
date of the election.

Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.                     

Last modified: August 11, 2007