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Texas Business Organizations Code

§ 3.003 — DURATION

BO § 3.003Title 1. GENERAL PROVISIONS · Ch. 3. FORMATION AND GOVERNANCE · Art. A. FORMATION, EXISTENCE, AND CERTIFICATE OF FORMATION

Statute text

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A domestic entity exists perpetually unless otherwise provided in the governing documents of the entity. A domestic entity may be terminated in accordance with this code or the Tax Code.

Legislative history

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

Source: Texas Business Organizations Code § 3.003 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.