DEFINITIONS.
Tex. BUS. ORGS Code § 21.701.
in effectIn this subchapter and Subchapter P:
(1) "Close corporation" means a domestic corporation formed under this subchapter or governed by this subchapter because of Section 21.705 , 21.706 , or 21.707 .
(2) "Close corporation provision" means a provision in the certificate of formation of a close corporation or in a shareholders' agreement of a close corporation.
(3) "Ordinary corporation" means a domestic corporation that is not a close corporation.
(4) "Shareholders' agreement" means a written agreement regulating an aspect of the business and affairs of or the relationship among the shareholders of a close corporation that has been executed under this subchapter.
Acts 2011, 82nd Leg., R.S., Ch. 139 (S.B. 748 ), Sec. 32, eff. September 1, 2011.