Texas Business Organizations Code

§ 21.414 — DISSENT TO OR ABSTENTION FROM ACTION

BO § 21.414Title 2. CORPORATIONS · Ch. 21. FOR-PROFIT CORPORATIONS · Art. I. BOARD OF DIRECTORS

Statute text

(a)A director of a corporation who is present at a meeting of the board of directors at which action has been taken is presumed to have assented to the action taken unless:

(1)the director's dissent or abstention has been entered in the minutes of the meeting;

(2)the director has filed a written dissent or abstention with respect to the action with the person acting as the secretary of the meeting before the meeting is adjourned; or

(3)the director has sent to the secretary of the corporation, within a reasonable time after the meeting has been adjourned, a written dissent or abstention by:

(A)certified or registered mail, return receipt requested; or

(B)other means specified in the corporation's governing documents.

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Legislative history

Acts 2017, 85th Leg., R.S., Ch. 75 (S.B. 1518), Sec. 11, eff. September 1, 2017.