Sec. 67.0054. ELECTION PROCEDURES    


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  • (a) A member or shareholder may vote:

    (1) in person at the annual meeting;

    (2) by mailing a completed ballot to the office of the independent election auditor selected under Section 67.007(d) or to the corporation's main office, which ballot must be received by the corporation not later than noon on the business day before the date of the annual meeting; or

    (3) by delivering a completed ballot to the office of the independent election auditor or to the corporation's main office not later than noon on the business day before the date of the annual meeting.

    (b) The independent election auditor shall receive and count the ballots before the annual meeting is adjourned.

    (c) For each director's position, the candidate who receives the highest number of votes is elected.

    (d) If two or more candidates for the same position tie for the highest number of votes for that position, those candidates shall draw lots to determine who is elected.

    (e) The independent election auditor shall provide the board with a written report of the election results.

    (f) The board may adopt necessary rules or bylaws to implement this section, including rules or bylaws to ensure the fairness, integrity, and openness of the voting process.

Added by Acts 2011, 82nd Leg., R.S., Ch. 10 , Sec. 1, eff. September 1, 2011.