Certificate of Formation: Supermajority Requirement for Bylaw Amendments (TX) | Practical Law

Certificate of Formation: Supermajority Requirement for Bylaw Amendments (TX) | Practical Law

A Standard Clause for a Texas corporation's certificate of formation requiring the affirmative vote of a majority of the board of directors or shareholders holding a supermajority of the corporation's shares to adopt, amend, or repeal a bylaw. This Standard Clause has integrated notes with important explanations and drafting tips.

Certificate of Formation: Supermajority Requirement for Bylaw Amendments (TX)

Practical Law Standard Clauses w-000-0229 (Approx. 7 pages)

Certificate of Formation: Supermajority Requirement for Bylaw Amendments (TX)

by Practical Law Corporate & Securities
MaintainedTexas
A Standard Clause for a Texas corporation's certificate of formation requiring the affirmative vote of a majority of the board of directors or shareholders holding a supermajority of the corporation's shares to adopt, amend, or repeal a bylaw. This Standard Clause has integrated notes with important explanations and drafting tips.