Board Resolution: Ratification of Past Acts
(TX Corporation)

Summary

This template board resolution is intended for use when a majority of directors consent at a directors' meeting to recognize and ratify the past acts and transactions of the Texas corporation's directors. This template includes practical guidance and drafting notes. Pursuant to Tex. Bus. Orgs. Code Ann. § 21.4123, a quorum of the board of directors of a Texas corporation is a majority of the directors set in the certificate of formation, unless otherwise specified in the corporation's governing documents. For a full listing of key content covering Board Resolutions for Private Company Corporate Governance, see Private Company Corporate Governance Board Resolutions Resource Kit. For additional information regarding management, board actions, and consents, see Management and Indemnification (TX Corporation).