Texas Health and Safety Code 221.016 – Amendment of Articles of Incorporation
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(a) Articles of incorporation may be amended to contain any provision that is lawful under this chapter if the sponsoring entity’s governing body by appropriate resolution determines that the amendment is advisable and authorizes or directs that an amendment be made.
(b) The development corporation‘s president or vice-president and secretary or assistant secretary, or the presiding officer and the secretary or clerk of the sponsoring entity’s governing body, shall execute articles of amendment on behalf of the development corporation. An officer signing the articles of amendment shall verify those articles.
Terms Used In Texas Health and Safety Code 221.016
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
(c) The articles of amendment must include:
(1) the name of the development corporation;
(2) if the amendment alters a provision of the original or amended articles of incorporation, an identification by reference or description of the altered provision and a statement of its text as amended;
(3) if the amendment is an addition to the original or amended articles of incorporation, a statement of that fact and the full text of each added provision;
(4) the name and current address of the sponsoring entity;
(5) a statement that the amendment was authorized by the governing body of the sponsoring entity; and
(6) the date of the meeting at which the governing body adopted or approved the amendment.