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Texas Business Organizations Code

§ 22.164 — VOTE REQUIRED TO APPROVE FUNDAMENTAL ACTION

BO § 22.164Title 2. CORPORATIONS · Ch. 22. NONPROFIT CORPORATIONS · Art. D. MEMBERS

Statute text

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(a)In this section, "fundamental action" means:
(1)an amendment of a certificate of formation, including an amendment required for the cancellation of an event requiring winding up in accordance with Section 11.152(b);
(2)a voluntary winding up under Chapter 11;
(3)a revocation of a voluntary decision to wind up under Section 11.151;
(4)a cancellation of an event requiring winding up under Section 11.152(a);
(5)a reinstatement under Section 11.202;

Legislative history

Acts 2007, 80th Leg., R.S., Ch. 688 (H.B. 1737), Sec. 89, eff. September 1, 2007. Acts 2015, 84th Leg., R.S., Ch. 32 (S.B. 860), Sec. 28, eff. September 1, 2015.

Source: Texas Business Organizations Code § 22.164 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.