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Texas Business Organizations Code

§ 21.608 — EFFECT ON OTHER ACTIONS

BO § 21.608Title 2. CORPORATIONS · Ch. 21. FOR-PROFIT CORPORATIONS · Art. M. AFFILIATED BUSINESS COMBINATIONS

Statute text

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(a)This subchapter does not affect, directly or indirectly, the validity of another action by the board of directors of an issuing public corporation.
(b)This subchapter does not preclude the board of directors of an issuing public corporation from taking other action in accordance with law.
(c)The board of directors of an issuing public corporation does not incur liability for an election made or not made under this subchapter.

Legislative history

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

Source: Texas Business Organizations Code § 21.608 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.