Texas Business Organizations Code - Section 23.058. Election Or Appointment Of Directors
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Texas Laws > Business Organizations Code > Texas Business Organizations Code - Section 23.058. Election Or Appointment Of Directors
§ 23.058. ELECTION OR APPOINTMENT OF DIRECTORS. (a) The
incorporators of a corporation shall name the directors
constituting the initial board of directors of the corporation.
Directors other than the initial directors shall be elected at each
annual meeting of the corporation. If an annual meeting is not held
at the time designated by the bylaws of the corporation, the
directors shall be elected at a special meeting held in lieu of the
annual meeting.
(b) At an annual meeting or special meeting held in lieu of
the annual meeting, the members of the corporation shall elect
two-thirds of the directors, and the shareholders of the
corporation shall elect the remaining directors.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 23.051 23.052 23.053 23.054 23.055 23.056 23.057 23.058 23.059 23.060 23.061 23.062 23.063 23.064 23.065
Last modified: August 11, 2007
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