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Texas Business Organizations Code - Section 23.057. Management By Board Of Directors; Number Of Directors

Legal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 23.057. Management By Board Of Directors; Number Of Directors

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§ 23.057. MANAGEMENT BY BOARD OF DIRECTORS; NUMBER OF DIRECTORS. (a) The organization, control, and management of a corporation are vested in a board of directors. The board must consist of not fewer than 15 and not more than 21 directors. (b) The board of directors may exercise any power of the corporation not conferred on the shareholders or members by law or by the corporation's bylaws. Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.

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Last modified: August 11, 2007