- (a) A corporation may adopt and amend bylaws for the administration and regulation of the corporation's affairs.
- (b) The board of directors shall adopt a corporation's initial bylaws.
(c) The bylaws and each amendment of the bylaws must:
- (1) be consistent with state law and with the certificate of formation of the corporation; and
- (2) be approved by resolution of the governing body of the corporation's authorizing unit.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.