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Texas Business Organizations Code - Section 23.103. Duration

Legal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 23.103. Duration

§ 23.103. DURATION.  A grand body that incorporates under 
this subchapter may provide in the grand body's certificate of 
formation for the expiration of its corporate powers at the end of a 
stated number of years.  If the certificate of formation does not 
provide for the duration of the grand body, the grand body has 
perpetual existence.  The grand body may by its corporate name have 
perpetual succession of its officers and members.

Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.                     

Last modified: August 11, 2007