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Texas Special District Local Laws Code - SDLL § 8506.055. Voting requirement

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

(a) Except as provided by this chapter or the bylaws, action may be taken by the affirmative vote of a majority of the directors present at a meeting.

(b) The following are valid only if authorized or ratified by the affirmative vote of at least five directors:

(1) a contract that involves an amount greater than $10,000 or has a duration of more than one year;

(2) a bond, note, or other evidence of indebtedness; or

(3) an amendment of the bylaws. (Acts 44th Leg., R.S., G.L., Ch. 126, Sec. 3(b) (part).)

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Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 8506.055. Voting requirement - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-8506-055/

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