Texas § WA.67.005 - DIRECTORS
Full text of Texas The Texas Constitution § WA.67.005 — DIRECTORS, with citation guidance and answers to common questions.
§ WA.67.005. DIRECTORS
DIRECTORS. (a) A corporation may not have more than 21 directors. (b) The corporation may increase the number of directors by amendment to the bylaws but may not exceed the limit imposed by Subsection (a). (c) The bylaws of the corporation may provide that directors serve staggered terms of approximately two or three years. (d) At the first annual meeting of the shareholders, the directors shall be divided into two or three classes according to the length of the terms the directors serve. The classification of directors may not take effect before that meeting. (e) The division of the directors and the corresponding terms must be set so that: (1) one-half of the directors, as nearly as possible, are elected annually, if a two-year term is provided; or (2) one-third of the directors, as nearly as possible, are elected annually, if a three-year term is provided. (f) After the implementation of two-year or three-year terms for directors, as directors' terms expire, the members shall elect their successors to serve until the second or third succeeding annual meeting after their election, as appropriate. Added by Acts 1997, 75th Leg., ch. 166, Sec. 2, eff. Sept. 1, 1997.
Frequently Asked Questions About Texas § WA.67.005
What does The Texas Constitution § WA.67.005 cover?
Section WA.67.005 ("DIRECTORS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § WA.67.005?
A common citation format is "The Texas Constitution § WA.67.005" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § WA.67.005 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.