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Texas Business Organizations Code

§ 4.053 — CONDITIONS FOR DELAYED EFFECTIVENESS

BO § 4.053Title 1. GENERAL PROVISIONS · Ch. 4. FILINGS · Art. B. WHEN FILINGS TAKE EFFECT

Statute text

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(a)The date, or the date and time, at which a filing instrument takes effect is delayed if the instrument clearly and expressly states, in addition to any other required statement or information:
(1)the specified date, or the specified date and time, at which the instrument takes effect; or
(2)if the instrument takes effect on or after the occurrence of a future event or fact that may occur:
(A)the event or fact that will cause the instrument to take effect;
(B)when the filing instrument is to take effect if the instrument is to take effect after the occurrence of a specified future event or fact; and
(C)the date of the 90th day after the date the instrument is signed.

Legislative history

Acts 2019, 86th Leg., R.S., Ch. 658 (S.B. 1859), Sec. 4, eff. September 1, 2019.

Source: Texas Business Organizations Code § 4.053 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.