Texas Business Corporation Act - Article 2.25-1. Notice By Electronic Transmission
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Texas Laws > Business Corporation Act > Texas Business Corporation Act - Article 2.25-1. Notice By Electronic Transmission
Art. 2.25-1. Notice by Electronic Transmission
A. On consent of a shareholder, notice from a corporation under any
provision of this Act, the articles of incorporation, or the bylaws
may be given to the shareholder by electronic transmission. The
shareholder may specify the form of electronic transmission to be
used to communicate notice. The shareholder may revoke this
consent by written notice to the corporation. The shareholder's
consent is deemed to be revoked if the corporation is unable to
deliver by electronic transmission two consecutive notices, and the
secretary, assistant secretary, or transfer agent of the
corporation, or another person responsible for delivering notice on
behalf of the corporation knows that delivery of these two
electronic transmissions was unsuccessful. The inadvertent
failure to treat the unsuccessful transmissions as a revocation of
shareholder consent does not invalidate a meeting or other action.
B. Notice under this article is deemed given when the notice is:
(1) transmitted to a facsimile number provided by the shareholder
for the purpose of receiving notice;
(2) transmitted to an electronic mail address provided by the
shareholder for the purpose of receiving notice;
(3) posted on an electronic network and a message is sent to the
shareholder at the address provided by the shareholder for the
purpose of alerting the shareholder of a posting; or
(4) communicated to the shareholder by any other form of electronic
transmission consented to by the shareholder.
C. An affidavit of the secretary, assistant secretary, transfer
agent, or other agent of the corporation that notice has been given
by electronic transmission is, in the absence of fraud, prima facie
evidence that the notice was given.
Added by Acts 2003, 78th Leg., ch. 238, Sec. 13, eff. Sept. 1, 2003.
Article: 2.20 2.21 2.22 2.22-1 2.23 2.24 2.25 2.25-1 2.26 2.27 2.28 2.29 2.30 2.30-1 2.31
Last modified: August 11, 2007
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