Texas Business Organizations Code § 21.902 Ratification Of Defective Corporate Act And Putative Shares

Sec. 21.902. RATIFICATION OF DEFECTIVE CORPORATE ACT AND PUTATIVE SHARES. Subject to Section 21.909 or 21.910, a defective corporate act or putative shares are not void or voidable solely as a result of a failure of authorization if the act or shares are:

(1) ratified in accordance with this subchapter; or

(2) validated by the district court in a proceeding brought under Section 21.914.

Added by Acts 2015, 84th Leg., R.S., Ch. 32 (S.B. 860), Sec. 30, eff. September 1, 2015.

Section: Previous  21.760  21.761  21.762  21.763  21.801  21.802  21.901  21.902  21.903  21.904  21.905  21.906  21.907  21.908  21.909  Next

Last modified: September 28, 2016