Texas Local Government Code 501.070 – Action of Board; Quorum
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(a) A quorum of a board of directors is the lesser of:
(1) a majority of the number of directors:
(A) established by the corporation‘s bylaws; or
(B) stated in the corporation’s certificate of formation, if the bylaws do not establish the number of directors; or
(2) the number of directors, not less than three, established as a quorum by the certificate of formation or bylaws.
(b) The act of a majority of the directors present at a meeting at which a quorum is present is an act of the board of directors, unless the act of a larger number is required by the certificate of formation or bylaws of the corporation.
Terms Used In Texas Local Government Code 501.070
- 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.
- Quorum: The number of legislators that must be present to do business.