Tex.
Bus. Orgs. Code Section 22.253
Meeting of Members; Notice
(a)
The corporation must give to each member entitled to vote at a meeting described by Section 22.251 (Approval of Merger)(c) or (d) or Section 22.252 (Approval of Sale of All or Substantially All of Assets)(c) or (d) a written notice stating that the purpose or one of the purposes of the meeting is to consider the plan of merger or the sale of all or substantially all of the assets of the corporation. The notice must be given in the time and manner provided by Chapter 6 (Associations) and this chapter for giving notice of a meeting to members.(b)
A vote of members entitled to vote at the meeting shall be taken on the plan of merger or the resolution authorizing the sale of all or substantially all of the assets of the corporation. The members must approve the plan or resolution by the vote required by Section 22.164 (Vote Required to Approve Fundamental Action).(c)
For a meeting to vote on a plan of merger, the notice of the meeting must contain the plan of merger or a summary of the plan of merger.(d)
For a corporation the management of the affairs of which is vested in its members under Section 22.202 (Management by Members), the notice of the meeting is subject to the provisions of the certificate of formation or bylaws of the corporation.
Source:
Section 22.253 — Meeting of Members; Notice, https://statutes.capitol.texas.gov/Docs/BO/htm/BO.22.htm#22.253 (accessed Jun. 5, 2024).
