Tex. Business Organizations Code § 21.359
This is the official text of Tex. Business Organizations Code § 21.359, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 21.359. VOTING IN ELECTION OF DIRECTORS.
Official statutory text
(a) Subject to Subsection (b), directors of a corporation shall be elected by a plurality of the votes cast by the holders of shares entitled to vote in the election of directors at a meeting of shareholders at which a quorum is present.
(b) The certificate of formation or bylaws of a corporation may provide that a director of a corporation shall be elected only if the director receives:
(1) the vote of the holders of a specified portion, but not less than the majority, of the shares entitled to vote in the election of directors;
(2) the vote of the holders of a specified portion, but not less than the majority, of the shares entitled to vote in the election of directors and represented in person or by proxy at a meeting of shareholders at which a quorum is present; or
(3) the vote of the holders of a specified portion, but not less than the majority, of the votes cast by the holders of shares entitled to vote in the election of directors at a meeting of shareholders at which a quorum is present.
(b) The certificate of formation or bylaws of a corporation may provide that a director of a corporation shall be elected only if the director receives:
(1) the vote of the holders of a specified portion, but not less than the majority, of the shares entitled to vote in the election of directors;
(2) the vote of the holders of a specified portion, but not less than the majority, of the shares entitled to vote in the election of directors and represented in person or by proxy at a meeting of shareholders at which a quorum is present; or
(3) the vote of the holders of a specified portion, but not less than the majority, of the votes cast by the holders of shares entitled to vote in the election of directors at a meeting of shareholders at which a quorum is present.
Status: in_force · Read it on the official government site
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