Tex. Utilities Code § 161.074
This is the official text of Tex. Utilities Code § 161.074, part of Texas’s Utilities Code — regulates utility companies.
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§ 161.074. QUORUM OF DIRECTORS.
Official statutory text
(a) A majority of the directors is a quorum unless the articles of incorporation or the bylaws provide that a greater number of the directors is a quorum.
(b) A majority of the directors present at a meeting at which a quorum is present may exercise the board's authority unless the articles of incorporation or the bylaws require a greater number of directors to exercise the board's authority.
(b) A majority of the directors present at a meeting at which a quorum is present may exercise the board's authority unless the articles of incorporation or the bylaws require a greater number of directors to exercise the board's authority.
Status: in_force · Read it on the official government site
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