Texas Business Organizations Code 21.413 – Quorum
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(a) A quorum of the board of directors is the majority of the number of directors set or established in the manner provided by the certificate of formation or bylaws of a corporation unless the laws of this state, the certificate of formation, or the bylaws require a different number or portion.
(b) Neither the certificate of formation nor the bylaws may provide that less than one-third of the number of directors constitutes a quorum.
Terms Used In Texas Business Organizations Code 21.413
- Certificate of formation: means :
(A) the document required to be filed with the filing officer under Chapter 3 to form a filing entity; and
(B) if appropriate, a restated certificate of formation and all amendments of an original or restated certificate of formation. See Texas Business Organizations Code 1.002 - Quorum: The number of legislators that must be present to do business.