This law outlines the circumstances under which a director's position becomes vacant and the process for filling that vacancy. It affects organizations governed by a board of directors, specifying conditions like death, resignation, or disqualification.
Director vacancies occur due to death, resignation, or disqualification.
Remaining directors can fill vacancies by majority vote.
No quorum is needed to fill a vacancy.
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In simple terms: Learn about Texas's VACANCIES; REMOVAL. (a) The office of a law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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