Tex. Bus. Orgs. Code § 23.064 · Subchapter B. BUSINESS DEVELOPMENT CORPORATIONS
POWERS OF SHAREHOLDERS AND MEMBERS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
The shareholders and members of a corporation may:
(1) determine the number of directors and elect the directors as provided by Section 23.058;
(2) make, amend, and repeal bylaws of the corporation; or
(3) exercise any other power of the corporation that is conferred on the shareholders and members by the 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.23.htm
- Text hash
- sha256 1477b7b01f5e38194de2b5dd0635b3bd333196e6c556ce7ae1c2f8e875350d85
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Business Organizations Code
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.