Texas Business Organizations Code - Section 3.008. Supplemental Provisions Required In Certificate Of Formation Of Close Corporation
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§ 3.008. SUPPLEMENTAL PROVISIONS REQUIRED IN CERTIFICATE
OF FORMATION OF CLOSE CORPORATION. (a) In addition to a provision
required or permitted to be stated in the certificate of formation
of a for-profit corporation under Section 3.007, the certificate of
formation of a close corporation, whether original, amended, or
restated, must include the sentence, "This corporation is a close
corporation."
(b) The certificate of formation of the close corporation
may contain:
(1) a provision contained or permitted to be contained
in a shareholders' agreement conforming to Subchapter O, Chapter
21, that the organizers elect to include in the certificate of
formation; or
(2) a copy of a shareholders' agreement that conforms
to Subchapter O, Chapter 21, and that may be filed in the manner
provided by Section 21.212.
(c) A provision contained in the certificate of formation
under Subsection (b) must be preceded by a statement that the
provision is subject to the corporation remaining a close
corporation.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 3.001 3.002 3.003 3.004 3.005 3.006 3.007 3.008 3.009 3.010 3.011 3.012 3.013 3.014 3.015
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Last modified: August 10, 2007
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