Certificate of Formation: Shareholder Action by Less Than Unanimous Written Consent (TX) | Practical Law

Certificate of Formation: Shareholder Action by Less Than Unanimous Written Consent (TX) | Practical Law

A Standard Clause for a Texas corporation's certificate of formation changing the statutory default requirement of unanimous approval for shareholder action by written consent to permit action by less than unanimous written consent. This Standard Clause has integrated notes with important explanations and drafting tips.

Certificate of Formation: Shareholder Action by Less Than Unanimous Written Consent (TX)

Practical Law Standard Clauses w-000-0805 (Approx. 7 pages)

Certificate of Formation: Shareholder Action by Less Than Unanimous Written Consent (TX)

by Practical Law Corporate & Securities
MaintainedTexas
A Standard Clause for a Texas corporation's certificate of formation changing the statutory default requirement of unanimous approval for shareholder action by written consent to permit action by less than unanimous written consent. This Standard Clause has integrated notes with important explanations and drafting tips.