Texas Business Organizations Code

§ 22.512 — PROCEEDING REGARDING VALIDITY OF DEFECTIVE CORPORATE ACTS

BO § 22.512Title 2. CORPORATIONS · Ch. 22. NONPROFIT CORPORATIONS · Art. J. RATIFICATION OF DEFECTIVE CORPORATE ACTS; PROCEEDINGS

(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 or other person having fiduciary responsibility in relation to the actions of the corporation;

(4)any member with voting rights; or

(5)any record member with voting rights as of the time a defective corporate act was ratified in accordance with this subchapter.

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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.