FOR-PROFIT CORPORATIONS
Tex. BUS. ORGS Code ch. 21
in effectContents
section21.002.. DEFINITIONS.section21.051.. NO PROPERTY RIGHT IN CERTIFICATE OF FORMATION.section21.052.. PROCEDURES TO ADOPT AMENDMENT TO CERTIFICATE OF FORMATION.section21.053.. ADOPTION OF AMENDMENT BY BOARD OF DIRECTORS.section21.054.. ADOPTION OF AMENDMENT BY SHAREHOLDERS.section21.055.. NOTICE OF AND MEETING TO CONSIDER PROPOSED AMENDMENT.section21.056.. RESTATED CERTIFICATE OF FORMATION.section21.057.. BYLAWS.section21.058.. DUAL AUTHORITY.section21.059.. ORGANIZATION MEETING.section21.101.. SHAREHOLDERS' AGREEMENT.section21.102.. TERM OF AGREEMENT.section21.103.. DISCLOSURE OF AGREEMENT; RECALL OF CERTAIN CERTIFICATES.section21.104.. EFFECT OF SHAREHOLDERS' AGREEMENT.section21.105.. RIGHT OF RESCISSION; KNOWLEDGE OF PURCHASER OF SHARES.section21.106.. AGREEMENT LIMITING AUTHORITY OF AND SUPPLANTING BOARD OF DIRECTORS; LIABILITY.section21.107.. LIABILITY OF SHAREHOLDER.section21.108.. PERSONS ACTING IN PLACE OF SHAREHOLDERS.section21.109.. AGREEMENT NOT EFFECTIVE.section21.110.. OTHER SHAREHOLDER AGREEMENTS PERMITTED.section21.151.. NUMBER OF AUTHORIZED SHARES.section21.152.. CLASSES AND SERIES OF SHARES.section21.153.. DESIGNATIONS, PREFERENCES, LIMITATIONS, AND RIGHTS OF A CLASS OR SERIES.section21.154.. CERTAIN OPTIONAL CHARACTERISTICS OF SHARES.section21.155.. SERIES OF SHARES ESTABLISHED BY BOARD OF DIRECTORS.section21.156.. ACTIONS WITH RESPECT TO SERIES OF SHARES.section21.157.. ISSUANCE OF SHARES.section21.158.. ISSUANCE OF SHARES UNDER PLAN OF MERGER OR CONVERSION.section21.159.. TYPES OF CONSIDERATION FOR SHARES.section21.160.. DETERMINATION OF CONSIDERATION FOR SHARES.section21.161.. AMOUNT OF CONSIDERATION FOR ISSUANCE OF CERTAIN SHARES.section21.162.. VALUE AND SUFFICIENCY OF CONSIDERATION.section21.163.. ISSUANCE AND DISPOSITION OF FRACTIONAL SHARES OR SCRIP.section21.164.. RIGHTS OF HOLDERS OF FRACTIONAL SHARES OR SCRIP.section21.165.. SUBSCRIPTIONS.section21.166.. PREFORMATION SUBSCRIPTION.section21.167.. COMMITMENT TO PURCHASE SHARES.section21.168.. STOCK RIGHTS, OPTIONS, AND CONVERTIBLE INDEBTEDNESS.section21.169.. TERMS AND CONDITIONS OF RIGHTS AND OPTIONS.section21.170.. CONSIDERATION FOR RIGHTS, OPTIONS, AND CONVERTIBLE INDEBTEDNESS.section21.171.. OUTSTANDING OR TREASURY SHARES.section21.172.. EXPENSES OF ORGANIZATION, REORGANIZATION, AND FINANCING OF CORPORATION.section21.173.. SUPPLEMENTAL REQUIRED RECORDS.section21.201.. REGISTERED HOLDERS AS OWNERS; SHARES HELD BY NOMINEES.section21.202.. DEFINITION OF SHARES.section21.203.. NO STATUTORY PREEMPTIVE RIGHT UNLESS PROVIDED BY CERTIFICATE OF FORMATION.section21.204.. STATUTORY PREEMPTIVE RIGHTS.section21.205.. WAIVER OF PREEMPTIVE RIGHT.section21.206.. LIMITATION ON ACTION TO ENFORCE PREEMPTIVE RIGHT.section21.207.. DISPOSITION OF SHARES HAVING PREEMPTIVE RIGHTS.section21.208.. PREEMPTIVE RIGHT IN EXISTING CORPORATION.section21.209.. TRANSFER OF SHARES AND OTHER SECURITIES.section21.210.. RESTRICTION ON TRANSFER OF SHARES AND OTHER SECURITIES.section21.211.. VALID RESTRICTIONS ON TRANSFER.section21.212.. BYLAW OR AGREEMENT RESTRICTING TRANSFER OF SHARES OR OTHER SECURITIES.section21.213.. ENFORCEABILITY OF RESTRICTION ON TRANSFER OF CERTAIN SECURITIES.section21.214.. JOINT OWNERSHIP OF SHARES.section21.215.. LIABILITY FOR DESIGNATING OWNER OF SHARES.section21.216.. LIABILITY REGARDING JOINT OWNERSHIP OF SHARES.section21.217.. LIABILITY OF ASSIGNEE OR TRANSFEREE.section21.218.. EXAMINATION OF RECORDS.section21.219.. ANNUAL AND INTERIM STATEMENTS OF CORPORATION.section21.220.. PENALTY FOR FAILURE TO PREPARE VOTING LIST.section21.221.. PENALTY FOR FAILURE TO PROVIDE NOTICE OF MEETING.section21.222.. PENALTY FOR REFUSAL TO PERMIT EXAMINATION OF CERTAIN RECORDS.section21.223.. LIMITATION OF LIABILITY FOR OBLIGATIONS.section21.224.. PREEMPTION OF LIABILITY.section21.225.. EXCEPTIONS TO LIMITATIONS.section21.226.. PLEDGEES AND TRUST ADMINISTRATORS.section21.251.. REDUCTION OF STATED CAPITAL BY REDEMPTION OR PURCHASE OF REDEEMABLE SHARES.section21.252.. CANCELLATION OF TREASURY SHARES.section21.253.. PROCEDURES FOR REDUCTION OF STATED CAPITAL BY BOARD OF DIRECTORS.section21.254.. RESTRICTION ON REDUCTION OF STATED CAPITAL.section21.301.. DEFINITIONS.section21.302.. AUTHORITY FOR DISTRIBUTIONS.section21.303.. LIMITATIONS ON DISTRIBUTIONS.section21.304.. REDEMPTIONS.section21.305.. NOTICE OF REDEMPTION.section21.306.. DEPOSIT OF MONEY FOR REDEMPTION.section21.307.. PAYMENT OF REDEEMED SHARES.section21.308.. PRIORITY OF DISTRIBUTIONS.section21.309.. RESERVES, DESIGNATIONS, AND ALLOCATIONS FROM SURPLUS.section21.310.. AUTHORITY FOR SHARE DIVIDENDS.section21.311.. LIMITATIONS ON SHARE DIVIDENDS.section21.312.. VALUE OF SHARES ISSUED AS SHARE DIVIDENDS.section21.313.. TRANSFER OF SURPLUS FOR SHARE DIVIDENDS.section21.314.. DETERMINATION OF SOLVENCY, NET ASSETS, STATED CAPITAL, AND SURPLUS.section21.315.. DATE OF DETERMINATION OF SOLVENCY, NET ASSETS, STATED CAPITAL, AND SURPLUS.section21.316.. LIABILITY OF DIRECTORS FOR WRONGFUL DISTRIBUTIONS.section21.317.. STATUTE OF LIMITATIONS ON ACTION FOR WRONGFUL DISTRIBUTION.section21.318.. CONTRIBUTION FROM CERTAIN SHAREHOLDERS AND DIRECTORS.section21.351.. ANNUAL MEETING.section21.352.. SPECIAL MEETINGS.section21.353.. NOTICE OF MEETING.section21.354.. INSPECTION OF VOTING LIST.section21.355.. CLOSING OF SHARE TRANSFER RECORDS.section21.356.. RECORD DATE FOR WRITTEN CONSENT TO ACTION.section21.357.. RECORD DATE FOR PURPOSE OF SHAREHOLDERS' MEETING.section21.358.. QUORUM.section21.359.. VOTING IN ELECTION OF DIRECTORS.section21.360.. NO CUMULATIVE VOTING RIGHT UNLESS AUTHORIZED.section21.361.. CUMULATIVE VOTING IN ELECTION OF DIRECTORS.section21.362.. CUMULATIVE VOTING RIGHT IN CERTAIN CORPORATIONS.section21.363.. VOTING ON MATTERS OTHER THAN ELECTION OF DIRECTORS.section21.364.. VOTE REQUIRED TO APPROVE FUNDAMENTAL ACTION.section21.365.. CHANGES IN VOTE REQUIRED FOR CERTAIN MATTERS.section21.366.. NUMBER OF VOTES PER SHARE.section21.367.. VOTING IN PERSON OR BY PROXY.section21.368.. TERM OF PROXY.section21.369.. REVOCABILITY OF PROXY.section21.370.. ENFORCEABILITY OF PROXY.section21.371.. PROCEDURES IN BYLAWS RELATING TO PROXIES.section21.372.. SHAREHOLDER MEETING LIST.section21.373.. NATIONALLY LISTED CORPORATIONS: SHAREHOLDER PROPOSALS.section21.401.. MANAGEMENT BY BOARD OF DIRECTORS.section21.402.. BOARD MEMBER ELIGIBILITY REQUIREMENTS.section21.403.. NUMBER OF DIRECTORS.section21.404.. DESIGNATION OF INITIAL BOARD OF DIRECTORS.section21.405.. ELECTION OF BOARD OF DIRECTORS.section21.406.. SPECIAL VOTING RIGHTS OF DIRECTORS.section21.407.. TERM OF OFFICE.section21.408.. SPECIAL TERMS OF OFFICE.section21.409.. REMOVAL OF DIRECTORS.section21.410.. VACANCY.section21.411.. NOTICE OF MEETING.section21.412.. WAIVER OF NOTICE.section21.413.. QUORUM.section21.414.. DISSENT TO OR ABSTENTION FROM ACTION.section21.415.. ACTION BY DIRECTORS.section21.416.. COMMITTEES OF BOARD OF DIRECTORS.section21.417.. ELECTION OF OFFICERS.section21.418.. CONTRACTS OR TRANSACTIONS INVOLVING INTERESTED DIRECTORS AND OFFICERS.section21.419.. PRESUMPTIONS FOR DIRECTORS AND OFFICERS OF CERTAIN CORPORATIONS.section21.451.. DEFINITIONS.section21.452.. APPROVAL OF MERGER.section21.453.. APPROVAL OF CONVERSION.section21.454.. APPROVAL OF EXCHANGE.section21.455.. APPROVAL OF SALE OF ALL OR SUBSTANTIALLY ALL OF ASSETS.section21.456.. GENERAL PROCEDURE FOR SUBMISSION TO SHAREHOLDERS OF FUNDAMENTAL BUSINESS TRANSACTION.section21.457.. GENERAL VOTE REQUIREMENT FOR APPROVAL OF FUNDAMENTAL BUSINESS TRANSACTION.section21.458.. CLASS VOTING REQUIREMENTS FOR CERTAIN FUNDAMENTAL BUSINESS TRANSACTIONS.section21.459.. NO SHAREHOLDER VOTE REQUIREMENT FOR CERTAIN FUNDAMENTAL BUSINESS TRANSACTIONS.section21.460.. RIGHTS OF DISSENT AND APPRAISAL.section21.461.. PLEDGE, MORTGAGE, DEED OF TRUST, OR TRUST INDENTURE.section21.462.. CONVEYANCE BY CORPORATION.section21.501.. APPROVAL OF VOLUNTARY WINDING UP, REINSTATEMENT, OR REVOCATION OF VOLUNTARY WINDING UP.section21.502.. CERTAIN PROCEDURES RELATING TO WINDING UP.section21.503.. MEETING OF SHAREHOLDERS; NOTICE.section21.504.. RESPONSIBILITY FOR WINDING UP.section21.551.. DEFINITIONS.section21.552.. STANDING TO BRING PROCEEDING.section21.553.. DEMAND.section21.554.. DETERMINATION BY DIRECTORS OR INDEPENDENT PERSONS.section21.555.. STAY OF PROCEEDING.section21.556.. DISCOVERY.section21.557.. TOLLING OF STATUTE OF LIMITATIONS.section21.558.. DISMISSAL OF DERIVATIVE PROCEEDING.section21.559.. ALLEGATIONS AFTER DEMAND REJECTED.section21.560.. DISCONTINUANCE OR SETTLEMENT.section21.561.. PAYMENT OF EXPENSES.section21.562.. APPLICATION TO FOREIGN CORPORATIONS.section21.563.. CLOSELY HELD CORPORATION.section21.601.. DEFINITIONS.section21.602.. AFFILIATED SHAREHOLDER.section21.603.. BENEFICIAL OWNER OF SHARES OR OTHER SECURITIES.section21.604.. BUSINESS COMBINATION.section21.605.. CONTROL.section21.606.. THREE-YEAR MORATORIUM ON CERTAIN BUSINESS COMBINATIONS.section21.607.. APPLICATION OF MORATORIUM.section21.608.. EFFECT ON OTHER ACTIONS.section21.609.. CONFLICTING PROVISIONS.section21.610.. CHANGE IN VOTING REQUIREMENTS.section21.651.. DEFINITION.section21.652.. ESTABLISHING CLASS OR SERIES OF SHARES; CHANGE IN NUMBER OF SHARES.section21.653.. REQUIRED STATEMENT RELATING TO SHARES.section21.654.. TERM OF OFFICE OF DIRECTORS.section21.655.. MEETINGS OF SHAREHOLDERS.section21.701.. DEFINITIONS.section21.702.. APPLICABILITY OF SUBCHAPTER.section21.703.. FORMATION OF CLOSE CORPORATION.section21.704.. BYLAWS OF CLOSE CORPORATION.section21.705.. ADOPTION OF AMENDMENT FOR CLOSE CORPORATION STATUS.section21.706.. ADOPTION OF CLOSE CORPORATION STATUS THROUGH MERGER, EXCHANGE, OR CONVERSION.section21.707.. EXISTING CLOSE CORPORATION.section21.708.. TERMINATION OF CLOSE CORPORATION STATUS.section21.709.. STATEMENT TERMINATING CLOSE CORPORATION STATUS; FILING; NOTICE.section21.710.. EFFECT OF TERMINATION OF CLOSE CORPORATION STATUS.section21.711.. SHAREHOLDERS' MEETING TO ELECT DIRECTORS.section21.712.. TERM OF OFFICE OF DIRECTORS.section21.713.. MANAGEMENT.section21.714.. SHAREHOLDERS' AGREEMENT.section21.715.. EXECUTION OF SHAREHOLDERS' AGREEMENT.section21.716.. ADOPTION OF AMENDMENT OF SHAREHOLDERS' AGREEMENT.section21.717.. DELIVERY OF SHAREHOLDERS' AGREEMENT.section21.718.. STATEMENT OF OPERATION AS CLOSE CORPORATION.section21.719.. VALIDITY AND ENFORCEABILITY OF SHAREHOLDERS' AGREEMENT.section21.720.. PERSONS BOUND BY SHAREHOLDERS' AGREEMENT.section21.721.. DELIVERY OF COPY OF SHAREHOLDERS' AGREEMENT TO TRANSFEREE.section21.722.. EFFECT OF REQUIRED STATEMENT ON SHARE CERTIFICATE AND DELIVERY OF SHAREHOLDERS' AGREEMENT.section21.723.. PARTY NOT BOUND BY SHAREHOLDERS' AGREEMENT ON CESSATION; LIABILITY.section21.724.. TERMINATION OF SHAREHOLDERS' AGREEMENT.section21.725.. CONSEQUENCES OF MANAGEMENT BY PERSONS OTHER THAN BOARD OF DIRECTORS.section21.726.. SHAREHOLDERS CONSIDERED DIRECTORS.section21.727.. LIABILITY OF SHAREHOLDERS.section21.728.. MODE AND EFFECT OF TAKING ACTION BY SHAREHOLDERS AND OTHERS.section21.729.. LIMITATION OF SHAREHOLDER'S LIABILITY.section21.730.. LACK OF FORMALITIES; TREATMENT AS PARTNERSHIP.section21.731.. OTHER AGREEMENTS AMONG SHAREHOLDERS PERMITTED.section21.732.. CLOSE CORPORATION SHARE CERTIFICATES.section21.751.. DEFINITIONS.section21.752.. PROCEEDINGS AUTHORIZED.section21.753.. NOTICE; INTERVENTION.section21.754.. PROCEEDING NONEXCLUSIVE.section21.755.. UNAVAILABILITY OF JUDICIAL PROCEEDING.section21.756.. JUDICIAL PROCEEDING TO ENFORCE CLOSE CORPORATION PROVISION.section21.757.. LIQUIDATION; INVOLUNTARY WINDING UP AND TERMINATION; RECEIVERSHIP.section21.758.. APPOINTMENT OF PROVISIONAL DIRECTOR.section21.759.. RIGHTS AND POWERS OF PROVISIONAL DIRECTOR.section21.760.. COMPENSATION OF PROVISIONAL DIRECTOR.section21.761.. APPOINTMENT OF CUSTODIAN.section21.762.. POWERS AND DUTIES OF CUSTODIAN.section21.763.. TERMINATION OF CUSTODIANSHIP.section21.801.. SHARES AND OTHER SECURITIES ARE PERSONAL PROPERTY.section21.802.. PENALTIES FOR LATE FILING OF CERTAIN INSTRUMENTS.section21.901.. DEFINITIONS.section21.902.. RATIFICATION OF DEFECTIVE CORPORATE ACT AND PUTATIVE SHARES.section21.903.. RATIFICATION OF DEFECTIVE CORPORATE ACT; ADOPTION OF RESOLUTIONS.section21.904.. QUORUM AND VOTING REQUIREMENTS FOR ADOPTION OF RESOLUTIONS.section21.905.. SHAREHOLDER APPROVAL OF RATIFIED DEFECTIVE CORPORATE ACT REQUIRED; EXCEPTION.section21.906.. NOTICE REQUIREMENTS FOR RATIFIED DEFECTIVE CORPORATE ACT SUBMITTED FOR SHAREHOLDER APPROVAL.section21.907.. SHAREHOLDER MEETING; QUORUM AND VOTING.section21.908.. CERTIFICATE OF VALIDATION.section21.909.. ADOPTION OF RESOLUTIONS; EFFECT ON DEFECTIVE CORPORATE ACT.section21.910.. ADOPTION OF RESOLUTIONS; EFFECT ON PUTATIVE SHARES.section21.911.. NOTICE TO SHAREHOLDERS FOLLOWING RATIFICATION OF DEFECTIVE CORPORATE ACT.section21.912.. VALID SHARES OR PUTATIVE SHARES.section21.913.. RATIFICATION PROCEDURES OR COURT PROCEEDINGS CONCERNING VALIDATION NOT EXCLUSIVE.section21.914.. PROCEEDING REGARDING VALIDITY OF DEFECTIVE CORPORATE ACTS AND SHARES.section21.915.. EXCLUSIVE JURISDICTION.section21.916.. SERVICE.section21.917.. STATUTE OF LIMITATIONS.section21.951.. LAW APPLICABLE TO PUBLIC BENEFIT CORPORATIONS; FORMATION.section21.952.. DEFINITIONS.section21.953.. PURPOSE OF PUBLIC BENEFIT CORPORATION; NAME OF CORPORATION.section21.954.. CERTAIN AMENDMENTS, MERGERS, EXCHANGES, AND CONVERSIONS; VOTER APPROVAL REQUIRED.section21.955.. STOCK CERTIFICATES; NOTICES REGARDING UNCERTIFICATED STOCK.section21.956.. DUTIES OF DIRECTORS.section21.957.. PERIODIC STATEMENTS.section21.958.. DERIVATIVE SUITS.section21.959.. NO EFFECT ON OTHER CORPORATIONS.section21.3521.. SHAREHOLDER MEETINGS BY REMOTE COMMUNICATION.section21.3531.. NOTICE BY ELECTRONIC TRANSMISSION.section21.4091.. RESIGNATION OF DIRECTORS.section21.4161.. DETERMINATION OF INDEPENDENT AND DISINTERESTED DIRECTORS.