Sec. 8506.055.  VOTING REQUIREMENT.  (a)  Except as provided by this chapter or the bylaws, action may be taken by the affirmative vote of a majority of the directors present at a meeting.
(b)  The following are valid only if authorized or ratified by the affirmative vote of at least five directors:
(1)  a contract that involves an amount greater than $10,000 or has a duration of more than one year;
(2)  a bond, note, or other evidence of indebtedness; or
(3)  an amendment of the bylaws.
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.05, eff. April 1, 2017.