Texas Business Organizations Code - Section 23.001. Determination Of Applicable Law
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§ 23.001. DETERMINATION OF APPLICABLE LAW. (a) A
corporation created under this chapter or under a special statute
outside this code, to the extent not inconsistent with a special
statute regarding a particular corporation, is governed by:
(1) Title 1 and Chapter 21, if the corporation is
organized for profit; and
(2) Title 1 and Chapter 22, if the corporation is
organized not for profit.
(b) If a special statute does not contain any provision
regarding a matter provided for in Title 1 or Chapter 21 or 22, or if
the special statute specifically provides that the general laws for
corporations supplement the statute, to the extent consistent with
the special statute:
(1) Title 1 and Chapter 21 apply to a corporation
organized for profit; and
(2) Title 1 and Chapter 22 apply to a corporation
organized not for profit.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 22.403 22.404 22.405 22.406 22.407 22.408 22.409 23.001 23.002 23.003 23.051 23.052 23.053 23.054 23.055
Last modified: August 11, 2007
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