2005 Texas Code - Business Corporation Act

ARTICLE 1.01. SHORT TITLE, CAPTIONS, PARTS, ARTICLES, SECTIONS, SUBSECTIONS, AND PARAGRAPHS
ARTICLE 1.02. DEFINITIONS
ARTICLE 2.01. PURPOSES
ARTICLE 2.02. GENERAL POWERS
ARTICLE 2.02-1. POWER TO INDEMNIFY AND TO PURCHASE INDEMNITY INSURANCE; DUTY TO INDEMNIFY
ARTICLE 2.04. DEFENSE OF ULTRA VIRES
ARTICLE 2.05. CORPORATE NAME; USE OF ASSUMED NAMES
ARTICLE 2.06. RESERVED NAME
ARTICLE 2.07. REGISTERED NAME
ARTICLE 2.08. RENEWAL OF REGISTERED NAME
ARTICLE 2.09. REGISTERED OFFICE AND REGISTERED AGENT
ARTICLE 2.10. CHANGE OF REGISTERED OFFICE OR REGISTERED AGENT
ARTICLE 2.10-1. CHANGE OF ADDRESS OF REGISTERED AGENT
ARTICLE 2.11. SERVICE OF PROCESS ON CORPORATION
ARTICLE 2.12. AUTHORIZED SHARES
ARTICLE 2.13. SERIES OF SHARES ESTABLISHED BY BOARD OF DIRECTORS
ARTICLE 2.14. SUBSCRIPTION FOR SHARES
ARTICLE 2.14-1. STOCK RIGHTS, OPTIONS, AND CONVERTIBLE INDEBTEDNESS
ARTICLE 2.15. CONSIDERATION FOR SHARES
ARTICLE 2.16. PAYMENT FOR SHARES
ARTICLE 2.18. EXPENSES OF ORGANIZATION, REORGANIZATION, AND FINANCING
ARTICLE 2.19. CERTIFICATES REPRESENTING SHARES
ARTICLE 2.20. ISSUANCE OF FRACTIONAL SHARES OR SCRIP
ARTICLE 2.21. LIABILITY OF SUBSCRIBERS AND SHAREHOLDERS
ARTICLE 2.22. TRANSFER OF SHARES AND OTHER SECURITIES AND RESTRICTIONS ON TRANSFER
ARTICLE 2.22-1. SHAREHOLDERS PREEMPTIVE RIGHTS
ARTICLE 2.23. BYLAWS
ARTICLE 2.24. MEETINGS OF SHAREHOLDERS
ARTICLE 2.25. NOTICE OF SHAREHOLDERS MEETINGS
ARTICLE 2.25-1. NOTICE BY ELECTRONIC TRANSMISSION
ARTICLE 2.26. REGISTERED HOLDERS OF SHARES, CLOSING OF SHARE TRANSFER RECORDS AND RECORD DATE
ARTICLE 2.27. VOTING LIST
ARTICLE 2.28. QUORUM OF AND VOTING BY SHAREHOLDERS
ARTICLE 2.29. VOTING OF SHARES
ARTICLE 2.30. VOTING TRUSTS AND VOTING AGREEMENTS
ARTICLE 2.30-1. SHAREHOLDER AGREEMENTS
ARTICLE 2.31. BOARD OF DIRECTORS
ARTICLE 2.32. NUMBER AND ELECTION OF DIRECTORS
ARTICLE 2.33. CLASSIFICATION OF DIRECTORS
ARTICLE 2.34. VACANCIES
ARTICLE 2.35. QUORUM OF AND ACTION BY DIRECTORS
ARTICLE 2.35-1. INTERESTED DIRECTORS
ARTICLE 2.36. COMMITTEES OF THE BOARD OF DIRECTORS
ARTICLE 2.37. PLACE AND NOTICE OF DIRECTORS MEETINGS
ARTICLE 2.38. DISTRIBUTIONS
ARTICLE 2.38-1. SHARE DIVIDENDS
ARTICLE 2.38-2. SPLIT-UP OR DIVISION WITHOUT STATED CAPITAL INCREASE
ARTICLE 2.38-3. DETERMINATION OF NET ASSETS, STATED CAPITAL, AND SURPLUS
ARTICLE 2.38-4. DATE OF DETERMINATION OF SURPLUS
ARTICLE 2.41. LIABILITY OF DIRECTORS AND SHAREHOLDERS IN CERTAIN CASES
ARTICLE 2.42. OFFICERS
ARTICLE 2.43. REMOVAL OF OFFICERS
ARTICLE 2.44. BOOKS AND RECORDS
ARTICLE 3.01. INCORPORATORS
ARTICLE 3.02. ARTICLES OF INCORPORATION
ARTICLE 3.03. FILING OF ARTICLES OF INCORPORATION
ARTICLE 3.04. EFFECT OF ISSUANCE OF CERTIFICATE OF INCORPORATION
ARTICLE 3.06. ORGANIZATION MEETING OF DIRECTORS
ARTICLE 4.01. RIGHT TO AMEND ARTICLES OF INCORPORATION
ARTICLE 4.02. PROCEDURE TO AMEND ARTICLES OF INCORPORATION
ARTICLE 4.03. CLASS VOTING ON AMENDMENTS
ARTICLE 4.04. ARTICLES OF AMENDMENT
ARTICLE 4.05. FILING OF ARTICLES OF AMENDMENT
ARTICLE 4.06. EFFECT OF CERTIFICATE OF AMENDMENT
ARTICLE 4.07. RESTATED ARTICLES OF INCORPORATION
ARTICLE 4.08. PROCEDURE FOR REDEMPTION
ARTICLE 4.10. REDUCTION OF STATED CAPITAL BY REDEMPTION OR PURCHASE OF REDEEMABLE SHARES
ARTICLE 4.11. CANCELLATION OF TREASURY SHARES
ARTICLE 4.12. REDUCTION OF STATED CAPITAL WITHOUT AMENDMENT OF ARTICLES AND WITHOUT CANCELLATION OF SHARES
ARTICLE 4.13. SPECIAL PROVISIONS RELATING TO SURPLUS AND RESERVES
ARTICLE 4.14. REORGANIZATION UNDER A FEDERAL STATUTE; AMENDMENT OF ARTICLES, MERGER, SHARE EXCHANGE, CONVERSION, AND DISSOLUTION PURSUANT TO FEDERAL REORGANIZATION PROCEEDINGS
ARTICLE 5.01. MERGER
ARTICLE 5.02. SHARE EXCHANGE OR ACQUISITION
ARTICLE 5.03. ACTION ON PLAN OF MERGER OR EXCHANGE
ARTICLE 5.04. ARTICLES OF MERGER OR EXCHANGE
ARTICLE 5.05. EFFECTIVE DATE OF MERGER OR SHARE EXCHANGE
ARTICLE 5.06. EFFECT OF MERGER OR SHARE EXCHANGE
ARTICLE 5.08. CONVEYANCE BY CORPORATION
ARTICLE 5.09. DISPOSITION OF ASSETS AUTHORIZED BY BOARD OF DIRECTORS
ARTICLE 5.10. DISPOSITION OF ASSETS REQUIRING SPECIAL AUTHORIZATION OF SHAREHOLDERS; EFFECT OF DISPOSITION REQUIRING OR NOT REQUIRING AUTHORIZATION; LIABILITY OF ACQUIRING CORPORATION
ARTICLE 5.11. RIGHTS OF DISSENTING SHAREHOLDERS IN THE EVENT OF CERTAIN CORPORATE ACTIONS
ARTICLE 5.12. PROCEDURE FOR DISSENT BY SHAREHOLDERS AS TO SAID CORPORATE ACTIONS
ARTICLE 5.13. PROVISIONS AFFECTING REMEDIES OF DISSENTING SHAREHOLDERS
ARTICLE 5.14. DERIVATIVE PROCEEDINGS
ARTICLE 5.15. ANTITRUST LAWS; CREDITORS
ARTICLE 5.16. MERGER WITH SUBSIDIARY ENTITIES
ARTICLE 5.17. CONVERSION
ARTICLE 5.18. ARTICLES OF CONVERSION
ARTICLE 5.19. EFFECTIVE DATE OF CONVERSION
ARTICLE 5.20. EFFECT OF CONVERSION
ARTICLE 6.01. VOLUNTARY DISSOLUTION BY INCORPORATORS OR DIRECTORS
ARTICLE 6.02. VOLUNTARY DISSOLUTION BY CONSENT OF SHAREHOLDERS
ARTICLE 6.03. VOLUNTARY DISSOLUTION BY ACT OF CORPORATION
ARTICLE 6.04. PROCEDURE BEFORE FILING ARTICLES OF DISSOLUTION
ARTICLE 6.05. REVOCATION OF VOLUNTARY DISSOLUTION PROCEEDINGS
ARTICLE 6.06. ARTICLES OF DISSOLUTION
ARTICLE 6.07. FILING ARTICLES OF DISSOLUTION
ARTICLE 6.08. FRAUDULENT TERMINATION
ARTICLE 7.01. INVOLUNTARY DISSOLUTION
ARTICLE 7.02. NOTIFICATION TO ATTORNEY GENERAL, NOTICE TO CORPORATION AND OPPORTUNITY OF CORPORATION TO CURE DEFAULT
ARTICLE 7.03. VENUE AND PROCESS
ARTICLE 7.04. APPOINTMENT OF RECEIVER FOR SPECIFIC CORPORATE ASSETS
ARTICLE 7.05. APPOINTMENT OF RECEIVER TO REHABILITATE CORPORATION
ARTICLE 7.06. JURISDICTION OF COURT TO LIQUIDATE ASSETS AND BUSINESS OF CORPORATION AND RECEIVERSHIPS THEREFOR
ARTICLE 7.07. QUALIFICATIONS, POWERS, AND DUTIES OF RECEIVERS; OTHER PROVISIONS RELATING TO RECEIVERSHIPS
ARTICLE 7.08. SHAREHOLDERS NOT NECESSARY PARTIES DEFENDANT TO RECEIVERSHIP OR LIQUIDATION PROCEEDINGS
ARTICLE 7.09. DECREE OF INVOLUNTARY DISSOLUTION
ARTICLE 7.10. FILING OF DECREE OF DISSOLUTION
ARTICLE 7.11. DEPOSIT WITH COMPTROLLER OF AMOUNT DUE CERTAIN SHAREHOLDERS AND CREDITORS
ARTICLE 7.12. LIMITED SURVIVAL AFTER DISSOLUTION
ARTICLE 8.01. ADMISSION OF FOREIGN CORPORATION
ARTICLE 8.02. POWERS OF FOREIGN CORPORATION
ARTICLE 8.03. CORPORATE NAME OF FOREIGN CORPORATION
ARTICLE 8.04. CHANGE OF NAME BY FOREIGN CORPORATION
ARTICLE 8.05. APPLICATION FOR CERTIFICATE OF AUTHORITY
ARTICLE 8.06. FILING OF APPLICATION FOR CERTIFICATE OF AUTHORITY
ARTICLE 8.07. EFFECT OF CERTIFICATE OF AUTHORITY
ARTICLE 8.08. REGISTERED OFFICE AND REGISTERED AGENT OF FOREIGN CORPORATION
ARTICLE 8.09. CHANGE OF REGISTERED OFFICE OR REGISTERED AGENT OF FOREIGN CORPORATION
ARTICLE 8.10. SERVICE OF PROCESS ON FOREIGN CORPORATION
ARTICLE 8.13. AMENDED CERTIFICATE OF AUTHORITY
ARTICLE 8.14. WITHDRAWAL OR TERMINATION OF FOREIGN CORPORATION
ARTICLE 8.15. FILING OF APPLICATION FOR WITHDRAWAL
ARTICLE 8.16. REVOCATION OF CERTIFICATE OF AUTHORITY
ARTICLE 8.17. FILING OF DECREE OF REVOCATION
ARTICLE 8.18. TRANSACTING BUSINESS WITHOUT CERTIFICATE OF AUTHORITY
ARTICLE 8.19. VENUE
ARTICLE 9.01. INTERROGATORIES BY SECRETARY OF STATE
ARTICLE 9.02. INFORMATION DISCLOSED BY INTERROGATORIES
ARTICLE 9.03. POWERS OF SECRETARY OF STATE
ARTICLE 9.04. APPEALS FROM SECRETARY OF STATE
ARTICLE 9.05. CERTIFICATES AND CERTIFIED COPIES TO BE RECEIVED IN EVIDENCE
ARTICLE 9.06. FORMS TO BE PROMULGATED BY SECRETARY OF STATE
ARTICLE 9.07. TIME FOR FILING DOCUMENTS IN THE OFFICE OF THE SECRETARY OF STATE
ARTICLE 9.09. WAIVER OF NOTICE
ARTICLE 9.10. ACTIONS WITHOUT A MEETING; TELEPHONE MEETINGS
ARTICLE 9.11. APPLICATION TO FOREIGN AND INTERSTATE COMMERCE
ARTICLE 9.12. RESERVATION OF POWER
ARTICLE 9.13. EFFECT OF INVALIDITY OF PART OF THIS ACT
ARTICLE 9.14. TO WHAT CORPORATIONS THIS ACT APPLIES; PROCEDURE FOR ADOPTION OF ACT BY EXISTING CORPORATIONS
ARTICLE 9.15. EXTENT TO WHICH EXISTING LAWS SHALL REMAIN APPLICABLE TO CORPORATIONS
ARTICLE 9.16. REPEAL OF EXISTING LAWS; EXTENT AND EFFECT THEREOF
ARTICLE 10.01. FILING AND FILING FEES
ARTICLE 10.02. PENALTY FOR SIGNING FALSE DOCUMENT
ARTICLE 10.03. DELAYED EFFECTIVENESS OF CERTAIN FILINGS
ARTICLE 11.01. EMERGENCY CLAUSE
ARTICLE 11.02. APPLICABILITY; EXPIRATION
ARTICLE 12.01. SHORT TITLE
ARTICLE 12.02. DEFINITIONS
ARTICLE 12.03. APPLICABILITY
ARTICLE 12.11. ARTICLES OF INCORPORATION
ARTICLE 12.12. FORMATION OF A CLOSE CORPORATION
ARTICLE 12.13. ADOPTION OF CLOSE CORPORATION STATUS
ARTICLE 12.14. EXISTING CLOSE CORPORATION
ARTICLE 12.15. BYLAWS OF CLOSE CORPORATION
ARTICLE 12.21. TERMINATION OF CLOSE CORPORATION STATUS
ARTICLE 12.22. STATEMENT OF TERMINATION; FILING; NOTICE
ARTICLE 12.23. EFFECT OF TERMINATION OF CLOSE CORPORATION STATUS
ARTICLE 12.31. GOVERNANCE OF CLOSE CORPORATION AFFAIRS
ARTICLE 12.32. SHAREHOLDERS AGREEMENT--IN GENERAL
ARTICLE 12.33. SHAREHOLDERS AGREEMENTS--PROCEDURES REQUIRED
ARTICLE 12.34. STATEMENT OF OPERATION AS A CLOSE CORPORATION
ARTICLE 12.35. VALIDITY AND ENFORCEABILITY OF SHAREHOLDERS AGREEMENT
ARTICLE 12.36. BINDING EFFECT OF SHAREHOLDERS AGREEMENT
ARTICLE 12.37. RESPONSIBILITY OF SHAREHOLDERS FOR MANAGERIAL ACTS
ARTICLE 12.38. OTHER AGREEMENTS AMONG SHAREHOLDERS PERMITTED
ARTICLE 12.39. CLOSE CORPORATION SHARE CERTIFICATES
ARTICLE 12.51. JUDICIAL PROCEEDINGS RELATING TO A CLOSE CORPORATION
ARTICLE 12.52. JUDICIAL PROCEEDINGS TO ENFORCE CLOSE CORPORATION PROVISION
ARTICLE 12.53. JUDICIAL PROCEEDING TO APPOINT PROVISIONAL DIRECTOR FOR CLOSE CORPORATION
ARTICLE 12.54. JUDICIAL PROCEEDING TO APPOINT CUSTODIAN FOR CLOSE CORPORATION
ARTICLE 13.01. SHORT TITLE
ARTICLE 13.02. DEFINITIONS
ARTICLE 13.03. THREE-YEAR MORATORIUM ON CERTAIN BUSINESS COMBINATIONS
ARTICLE 13.04. APPLICATION
ARTICLE 13.05. NO EFFECT ON OTHER ACTIONS
ARTICLE 13.06. DUTIES OF DIRECTOR
ARTICLE 13.07. RELATIONSHIP WITH OTHER PARTS OF ACT
ARTICLE 13.08. SEVERABILITY

Disclaimer: These codes may not be the most recent version. Texas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.