Robertson v. State Ex Rel. Clement

OPINION

LANGDON, Justice.

The sole question presented by this appeal is whether or not the trial court.'erred in ruling that Art. 2.29D of the Texas Business Corporation Act, amended in 1961 and effective June 1, 1964, V.A.T.S., providing for cumulative voting of directors, was applicable to and governed the election of rela-tors as directors of the Burkburnett (State) Bank.

Being of the opinion it did, we reverse and render.

Section D of Article 2.29 of the Texas Business Corporation Act, hereinafter referred to as the T.B.C.A. as amended in 1961, reads as follows: “D. (1) At each election for…