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2022 Texas Statutes
Business Organizations Code
Title 1 - General Provisions
Chapter 3 - Formation and Governance
Subchapter F. Emergency Governance
Section 3.255. Effect of Emergency Action
Universal Citation:
TX Bus Orgs § 3.255 (2022)
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Sec. 3.255. EFFECT OF EMERGENCY ACTION. An emergency action taken by the governing persons of a domestic entity in accordance with the entity's governing documents or Section 3.2535, if taken in good faith and based on the reasonable belief that the emergency action was in the entity's best interest:
(1) is binding on the entity; and
(2) may not be used to impose liability on a managerial official, employee, or agent of the entity.
Added by Acts 2009, 81st Leg., R.S., Ch. 84 (S.B. 1442), Sec. 4, eff. September 1, 2009.
Amended by:
Acts 2021, 87th Leg., R.S., Ch. 39 (S.B. 1203), Sec. 10, eff. September 1, 2021.
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