Texas Business Organizations Code 154.102 – Provisions Relating to Voting
Current as of: 2024 | Check for updates
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Terms Used In Texas Business Organizations Code 154.102
- Partner: means a limited partner or general partner. See Texas Business Organizations Code 1.002
- Person: means an individual or a corporation, partnership, limited liability company, business trust, trust, association, or other organization, estate, government or governmental subdivision or agency, or other legal entity, or a protected series or registered series of a domestic limited liability company or foreign entity. See Texas Business Organizations Code 1.002
- Quorum: The number of legislators that must be present to do business.
A partnership agreement that grants or provides for granting a right to vote to a partner may contain a provision relating to:
(1) giving notice of the time, place, or purpose of a meeting at which a matter is to be voted on by the partners;
(2) waiver of notice;
(3) action by consent without a meeting;
(4) the establishment of a record date;
(5) quorum requirements;
(6) voting in person or by proxy; or
(7) other matters relating to the exercise of the right to vote.