Tex. Business Organizations Code § 21.057
This is the official text of Tex. Business Organizations Code § 21.057, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 21.057. BYLAWS.
Official statutory text
(a) The board of directors of a corporation shall adopt initial bylaws.
(b) The bylaws may contain provisions for the regulation and management of the affairs of the corporation that are consistent with law and the corporation's certificate of formation.
(c) A corporation's board of directors may amend or repeal bylaws or adopt new bylaws unless:
(1) the corporation's certificate of formation or this code wholly or partly reserves the power exclusively to the corporation's shareholders; or
(2) in amending, repealing, or adopting a bylaw, the shareholders expressly provide that the board of directors may not amend, repeal, or readopt that bylaw.
(b) The bylaws may contain provisions for the regulation and management of the affairs of the corporation that are consistent with law and the corporation's certificate of formation.
(c) A corporation's board of directors may amend or repeal bylaws or adopt new bylaws unless:
(1) the corporation's certificate of formation or this code wholly or partly reserves the power exclusively to the corporation's shareholders; or
(2) in amending, repealing, or adopting a bylaw, the shareholders expressly provide that the board of directors may not amend, repeal, or readopt that bylaw.
Status: in_force · Read it on the official government site
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