Sec. 431.142. AMENDMENT BY BOARD OF DIRECTORS. (a) The board at any time may file with the commission a written application requesting that the commission approve an amendment to the articles of incorporation.
(b) The application must specify the proposed amendment.
(c) The board shall amend the articles if the commission by resolution:
(1) determines that it is advisable to adopt the proposed amendment;
(2) authorizes the adoption of the amendment; and
(3) approves the form of the amendment.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
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