Texas § 22.151 MEMBERS.

Texas Statutes

§ 22.151 — MEMBERS.

Texas § 22.151

Code BOBusiness Organizations Code

This text of Texas § 22.151 (MEMBERS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Business Organizations Code Code Ann. § 22.151 (2026).

Text

Sec. 22.151. MEMBERS.

(a)A corporation may have one or more classes of members or may have no members.

(b)If the corporation has one or more classes of members, the corporation's certificate of formation or bylaws must include:

(1)a designation of each class;

(2)the manner of the election or appointment of the members of each class; and

(3)the qualifications and rights of the members of each class.

(c)A corporation may issue a certificate, card, or other instrument evidencing membership rights, voting rights, or ownership rights as authorized by the certificate of formation or bylaws.

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Sec. 22.151. MEMBERS. (a) A corporation may have one or more classes of members or may have no members.
(b) If the corporation has one or more classes of members, the corporation's certificate of formation or bylaws must include:
(1) a designation of each class;
(2) the manner of the election or appointment of the members of each class; and
(3) the qualifications and rights of the members of each class.
(c) A corporation may issue a certificate, card, or other instrument evidencing membership rights, voting rights, or ownership rights as authorized by the certificate of formation or bylaws.