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Tex. Transp. Code § 431.142

AMENDMENT BY BOARD OF DIRECTORS

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 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.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.