Unanimous Written Consent of the Board in Lieu of Organizational Meeting
(TX Corporation)

Summary

This Unanimous Written Consent of the Board in Lieu of Organizational Meeting (TX Corporation) template is for use by the directors of a newly formed Texas corporation to provide consent to certain actions taken by the board without the necessity of holding an organizational meeting. This template includes practical guidance, drafting notes, and alternate and optional clauses. This consent is entered into by the corporation's initial directors who consent to, among other things, the corporation's certificate of formation and bylaws, the initial issuance of stock, the corporate officers, the payment of organizational expenses, and the commencement of its business operations. For more information about forming a corporation in Texas, see Formation and Qualification (TX Corporation).