Texas Business Organizations Code - Section 22.213. Quorum
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§ 22.213. QUORUM. (a) A quorum for the transaction of
business by the board of directors of a corporation is the lesser
of:
(1) the majority of the number of directors set by the
corporation's bylaws or, in the absence of a bylaw setting the
number of directors, a majority of the number of directors stated in
the corporation's certificate of formation; or
(2) any number, not less than three, set as a quorum by
the certificate of formation or bylaws.
(b) A director present by proxy at a meeting may not be
counted toward a quorum.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 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 22.220
Last modified: August 11, 2007
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