STATUTE OF LIMITATIONS ON ACTION FOR WRONGFUL DISTRIBUTION.

Tex. BUS. ORGS Code § 21.317.
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
An action may not be brought against a director of a corporation under Section 21.316 after the second anniversary of the date the alleged act giving rise to the liability occurred.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/28/2026

Starting a business in Texas? Texas LLC guide: costs and requirements