MANAGEMENT.

Tex. BUS. ORGS Code § 21.713.
in effect
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A close corporation shall be managed: (1) by a board of directors in the same manner an ordinary corporation would be managed under this chapter; or (2) in the manner provided by the close corporation's certificate of formation or by a shareholders' agreement of the close corporation.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/28/2026

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