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Texas Business Organizations Code

§ 21.914 — PROCEEDING REGARDING VALIDITY OF DEFECTIVE CORPORATE ACTS AND SHARES

BO § 21.914Title 2. CORPORATIONS · Ch. 21. FOR-PROFIT CORPORATIONS · Art. R. RATIFICATION OF DEFECTIVE CORPORATE ACTS OR SHARES; PROCEEDINGS

Statute text

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(a)The following may bring an action under this section:
(1)the corporation;
(2)any successor entity to the corporation;
(3)any member of the corporation's board of directors;
(4)any record or beneficial holder of valid shares or putative shares of the corporation;
(5)any record or beneficial holder of valid shares or putative shares as of the time a defective corporate act was ratified in accordance with this subchapter; or
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Legislative history

Added by Acts 2015, 84th Leg., R.S., Ch. 32 (S.B. 860), Sec. 30, eff. September 1, 2015.

Source: Texas Business Organizations Code § 21.914 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.