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Texas Business Organizations Code - Section 22.163. Record Date For Determination Of Members

Legal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 22.163. Record Date For Determination Of Members

§ 22.163. RECORD DATE FOR DETERMINATION OF MEMBERS.  (a) 
The record date for determining members of a corporation may be set 
as provided by Section 6.101.
	(b)  If a record date is not set under Section 6.101:                          
		(1)  members on the date of the meeting who are 
otherwise eligible to vote are entitled to vote at the meeting;
		(2)  members at the close of business on the business 
day preceding the date notice is given, or if notice is waived, at 
the close of business on the business day preceding the date of the 
meeting, are entitled to notice of a meeting of members;  and
		(3)  members at the close of business on the later of 
the day the board of directors adopts the resolution relating to the 
action or the 60th day before the date of the action are entitled to 
exercise any rights regarding any other lawful action.
	(c)  The board of directors of a corporation may set a new 
date for determining the right to notice of or to vote at any 
adjournment of a members' meeting.  The board shall set a new date 
if the meeting is adjourned to a date more than 90 days after the 
record date for determining members entitled to notice of the 
original meeting.

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

Last modified: August 11, 2007