Texas Business Organizations Code - Section 22.212. Vacancy
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§ 22.212. VACANCY. (a) Unless otherwise provided by the
certificate of formation or bylaws of the corporation, a vacancy in
the board of directors of a corporation shall be filled by the
affirmative vote of the majority of the remaining directors,
regardless of whether that majority is less than a quorum. A
director elected to fill a vacancy is elected for the unexpired term
of the member's predecessor in office.
(b) A vacancy in the board occurring because of an increase
in the number of directors shall be filled by election at an annual
meeting or at a special meeting of members called for that purpose.
If a corporation has no members or has no members with the right to
vote on the vacancy, the vacancy shall be filled as provided by the
certificate of formation or bylaws.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 22.206 22.207 22.208 22.209 22.210 22.211 22.2111 22.212 22.213 22.214 22.215 22.216 22.217 22.218 22.219
Last modified: August 11, 2007
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