- (a) The certificate of formation of a corporation may provide that directors elected by the holders of a class or series of shares or by a group of classes or series of shares entitled to elect one or more directors, as provided by Section 21.405, are entitled to cast more or less than one vote on specified matters.
- (b) Unless expressly stated otherwise, each reference in this code or in a corporation's certificate of formation or bylaws to a specified portion of the directors means the portion of the votes entitled to be cast by the directors to which the reference applies.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.