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Hilltop Holdings decreases board size

The board of Hilltop Holdings Inc. may have up to 20 members, down from the previous 21.

The reduction was one of several amendments made to the Dallas-based company's bylaws. Among other changes were the addition of a provision letting stockholders amend bylaws through unanimous written consent and a provision making Maryland courts the exclusive forum for certain legal actions, unless the company gives written consent for a different venue.

Hilltop's board also tweaked stock ownership requirements for shareholders looking to call special meetings. It lowered the ownership threshold, but added a requirement that the threshold must have been met and held continuously for at least a year as of the record date.