(a) The board shall adopt the initial bylaws of a corporation. The commission, by resolution, must approve the initial bylaws.
(b) A corporation may change its bylaws only with the approval of the commission.
BYLAWS
Known as the Texas Transportation Corporation Act
The act spans §§ 431.001 to 431.186 (63 sections).
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff
(a) The board shall adopt the initial bylaws of a corporation. The commission, by resolution, must approve the initial bylaws.
(b) A corporation may change its bylaws only with the approval of the commission.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.