Bylaws
(TX Professional Corporation)

Summary

This Bylaws (TX Professional Corporation) template is for use by a Texas professional corporation. This template can be used in drafting bylaws during the initial stages when a company is being incorporated, and provides general guidelines for how a company will be structured and operated. This template includes practical guidance and drafting notes. Among other things, these bylaws state the purpose of the corporation; the number of, process for electing, and duties and powers of the corporation's directors; shareholder eligibility; transfer of ownership interests, and designating the officers of the company and their respective responsibilities. The bylaws also provide the process for holding director and shareholder meetings, voting procedures, the establishment of committees by the board of directors, and indemnification of the corporation's directors, officers, employees, and agents. For an additional sample template for use by a Texas professional corporation, see Unanimous Written Consent of the Board in Lieu of Organizational Meeting (TX Professional Corporation). For more information, see Professional Corporations (TX).