Texas Business Organizations Code
§ 22.510 — NOTICE TO MEMBERS FOLLOWING RATIFICATION OF DEFECTIVE CORPORATE ACT
BO § 22.510Title 2. CORPORATIONS · Ch. 22. NONPROFIT CORPORATIONS · Art. J. RATIFICATION OF DEFECTIVE CORPORATE ACTS; PROCEEDINGS
Statute text
View on source(a)If the management of the affairs of a corporation is vested in its members under Section 22.202 or if a corporation has members with voting rights, for each defective corporate act ratified by the governing authority under Sections 22.503 and 22.504, notice of the ratification shall be given promptly to:
(1)each member having voting rights as of the date the governing authority adopted the resolutions ratifying the defective corporate act; or
(2)each member having voting rights as of a date not later than the 60th day after the date of adoption, as established by the governing authority.
(b)Notice under this section shall be sent to the address of a member described by Subsection (a)(1) or (a)(2) as the address appears or most recently appeared, as appropriate, on the records of the corporation.
(c)Notice under this section shall also be given to each member having voting rights as of the time of the defective corporate act, except that notice is not required to be given to a member whose identity or address cannot be ascertained from the corporation's records.
(d)The notice must contain:
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Legislative history
Added by Acts 2019, 86th Leg., R.S., Ch. 664 (S.B. 1969), Sec. 1, eff. September 1, 2019.