Voting Requirement

Sec. 8512.0206. VOTING REQUIREMENT. (a) Except as provided by this chapter or the bylaws, the board may take action 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 $100,000 or has a duration of more than one year; (2) a bond or other evidence of indebtedness; or (3) an amendment of the bylaws. Added by Acts 2025, 89th Leg., R.S., Ch. 203 (H.B. 1615), Sec. 1.02, eff. April 1, 2027. Text of section effective on April 01, 2027