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Texas Business Organizations Code

§ 3.152 — GOVERNING PERSON'S RIGHT OF INSPECTION

BO § 3.152Title 1. GENERAL PROVISIONS · Ch. 3. FORMATION AND GOVERNANCE · Art. D. RECORDKEEPING OF FILING ENTITIES

Statute text

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(a)A governing person of a filing entity may examine the entity's books and records maintained under Section 3.151 and other books and records of the entity for a purpose reasonably related to the governing person's service as a governing person.
(b)A court may require a filing entity to open the books and records of the filing entity, including the books and records maintained under Section 3.151, to permit a governing person to inspect, make copies of, or take extracts from the books and records on a showing by the governing person that:
(1)the person is a governing person of the entity;
(2)the person demanded to inspect the entity's books and records;
(3)the person's purpose for inspecting the entity's books and records is reasonably related to the person's service as a governing person; and
(4)the entity refused the person's good faith demand to inspect the books and records.
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Legislative history

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

Source: Texas Business Organizations Code § 3.152 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.