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Texas Business Organizations Code - Section 22.204. Number Of Directors

Legal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 22.204. Number Of Directors

§ 22.204. NUMBER OF DIRECTORS.  (a) If the corporation 
has a board of directors, a corporation may not have fewer than 
three directors.  The number of directors shall be set by, or in the 
manner provided by, the certificate of formation or bylaws of the 
corporation, except that the number of directors on the initial 
board of directors must be set by the certificate of formation.
	(b)  The number of directors may be increased or decreased by 
amendment to, or in the manner provided by, the certificate of 
formation or bylaws.  A decrease in the number of directors may not 
shorten the term of an incumbent director.
	(c)  In the absence of a provision of the certificate of 
formation or a bylaw setting the number of directors or providing 
for the manner in which the number of directors shall be determined, 
the number of directors is the same as the number constituting the 
initial board of directors.

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

Last modified: August 11, 2007