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.
Section: 23.067 23.068 23.069 23.070 23.071 23.101 23.102 23.103 23.104 23.105 23.106 23.107 23.108 23.109 23.110
Last modified: August 10, 2007
|
