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Texas Business Organizations Code - BUS ORG § 22.213. Quorum

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) A quorum for the transaction of business by the board of directors of a corporation is the lesser of:

(1) the majority of the number of directors set by the corporation's bylaws or, in the absence of a bylaw setting the number of directors, a majority of the number of directors stated in the corporation's certificate of formation;  or

(2) any number, not less than three, set as a quorum by the certificate of formation or bylaws.

(b) A director present by proxy at a meeting may not be counted toward a quorum.

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Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 22.213. Quorum - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-22-213/

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