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Texas Business Organizations Code

§ 21.219 — ANNUAL AND INTERIM STATEMENTS OF CORPORATION

BO § 21.219Title 2. CORPORATIONS · Ch. 21. FOR-PROFIT CORPORATIONS · Art. E. SHAREHOLDER RIGHTS AND RESTRICTIONS

Statute text

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(a)On written request of a shareholder of the corporation, a corporation shall mail to the shareholder:
(1)the annual statements of the corporation for the last fiscal year that contain in reasonable detail the corporation's assets and liabilities and the results of the corporation's operations; and
(2)the most recent interim statements, if any, that have been filed in a public record or other publication.
(b)The corporation shall be allowed a reasonable time to prepare the annual statements.

Legislative history

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Source: Texas Business Organizations Code § 21.219 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.