Tex. Bus. Orgs. Code § 22.151 · Subchapter D. MEMBERS
MEMBERS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A corporation may have one or more classes of members or may have no members.
(b) If the corporation has one or more classes of members, the corporation's certificate of formation or bylaws must include:
(1) a designation of each class;
(2) the manner of the election or appointment of the members of each class; and
(3) the qualifications and rights of the members of each class.
(c) A corporation may issue a certificate, card, or other instrument evidencing membership rights, voting rights, or ownership rights as authorized by the certificate of formation or bylaws.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BO/htm/BO.22.htm
- Text hash
- sha256 c6dfaf6faf8a18539a02851f48642104830f5b4e8d8e176721ef28167d550c0b
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.