ORGANIZATION:  CORPORATE STRUCTURE                                           [LAW]

 

 

1.         Articles of Incorporation

 

The articles of incorporation shall set forth all of the following:

 

A.        The name of the corporation;

 

B.         A statement that the corporation is a nonprofit corporation;

 

C.        The period of duration, which may be perpetual;

 

D.        The purpose or purposes for which the corporation is organized;

 

E.         If the corporation is to have no members, a statement to that effect;

 

F.         If management of the affairs of the corporation is to be vested in its members, a statement to that effect;

 

G.        Any statement the incorporators elect to set forth in the articles of incorporation for the regulation of the internal affairs of the corporation;

 

H.        The street address of the initial registered office and the initial registered agent at that address;

 

I.          The number of directors constituting the initial board of directors and their names and addresses, unless the management of the corporation is vested in its members, in which case a statement to that effect shall be set forth;

 

J.          The names and addresses of each incorporator;

 

K.        A statement describing the manner of distribution of the corporation’s assets.

 

Tex. Rev. Civ. Stat. art. 1396-3.02.

 

2.         Bylaws

 

A.        Initial Bylaws

 

The initial bylaws of a corporation shall be adopted by its board of directors, or, if the management of the corporation is vested in its members, by the members.

 

B.         Amendment or Repeal

 

The board of directors may amend or repeal the corporation’s bylaws or adopt new bylaws, unless:

 

(1)        The articles of incorporation or the Texas Nonprofit Corporation Act reserves the power exclusively to the members in whole or in part;

 

(2)        The management of the corporation is vested in its members; or

 

(3)        The members in amending, repealing, or adopting a particular bylaw, expressly provide that the board of directors may not amend or repeal that bylaw.

 

Tex. Rev. Civ. Stat. art. 1396-2.09.