Texas Business Organizations Code - Section 4.053. Conditions For Delayed Effectiveness
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Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 4.053. Conditions For Delayed Effectiveness
§ 4.053. CONDITIONS FOR DELAYED EFFECTIVENESS. (a) The
date and time at which a filing instrument takes effect is delayed
if the instrument clearly and expressly states, in addition to any
other required statement or information:
(1) the specific date and time at which the instrument
takes effect; or
(2) if the instrument takes effect on the occurrence
of a future event or fact that may occur:
(A) the manner in which the event or fact will
cause the instrument to take effect; and
(B) the date of the 90th day after the date the
instrument is signed.
(b) If a filing instrument is to take effect on a specific
date and time other than that provided by this code:
(1) the date may not be later than the 90th day after
the date the instrument is signed; and
(2) the specific time at which the instrument is to
take effect may not be specified as "12:00 a.m." or "12:00 p.m."
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 4.005 4.006 4.007 4.008 4.009 4.051 4.052 4.053 4.054 4.055 4.056 4.057 4.058 4.059 4.101
Last modified: August 11, 2007
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