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Texas Business Organizations Code

§ 9.203 — OBLIGATIONS AND LIABILITIES

BO § 9.203Title 1. GENERAL PROVISIONS · Ch. 9. FOREIGN ENTITIES · Art. E. BUSINESS, RIGHTS, AND OBLIGATIONS

Statute text

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Subject to this code and other laws of this state and except as provided by Subchapter C, Chapter 1, in any matter that affects the transaction of intrastate business in this state, a foreign entity and each member, owner, or managerial official of the entity is subject to the same duties, restrictions, penalties, and liabilities imposed on a domestic entity to which it most closely corresponds or on a member, owner, or managerial official of that domestic entity.

Legislative history

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

Source: Texas Business Organizations Code § 9.203 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.