Can the Same Person Be Both President and Secretary of a Corporation in Texas?
Full Question:
Answer:
The Texas Business Organizations Code requires that for-profit corporations and professional corporations have at least one director, one president, and one secretary. A single natural person can be the president, secretary, sole director, and sole shareholder.
Please see the following TX statutes:
§ 3.103 BUS. ORG. Officers
(a) Officers of a domestic entity may be elected or appointed in accordance with the governing documents of the entity or by the governing authority of the entity unless prohibited by the governing documents.
(b) An officer of an entity shall perform the duties in the management of the entity and has the authority as provided by the governing documents of the entity or the governing authority that elects or appoints the officer.
(c) A person may simultaneously hold any two or more offices of an entity unless prohibited by this code or the governing documents of the entity.
§ 21.417 BUS. ORG. Election of Officers
The board of directors of a corporation shall elect a president and a secretary at the time and in the manner prescribed by the corporation's bylaws. Other officers, including assistant officers and agents as deemed necessary, may be elected in accordance with Section 3.103