Texas Business Organizations Code - Section 6.102. Record Date For Written Consent To Action
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Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 6.102. Record Date For Written Consent To Action
§ 6.102. RECORD DATE FOR WRITTEN CONSENT TO ACTION. (a)
Subject to this code and the governing documents of an entity, the
governing authority of the entity may provide the record date for
determining the owners or members of the entity entitled to written
consent to action without a meeting of the owners or members unless
a record date is provided under Section 6.101 for that action. The
record date may not be earlier than the date the governing authority
adopts the resolution providing for the record date.
(b) Subject to this code and the governing documents of an
entity, the record date for determining the owners or members of the
entity entitled to written consent to action without a meeting of
the owners or members is the date a signed written consent to action
stating the action taken or proposed to be taken is first delivered
to the entity if:
(1) the governing authority of the entity does not
provide a record date under Subsection (a); and
(2) prior action by the governing authority is not
required under this code.
(c) Subject to this code or the governing documents of an
entity, the record date for determining the owners or members of the
entity entitled to written consent to action without a meeting of
the owners or members is at the close of business on the date the
governing authority of the entity adopts a resolution taking prior
action if:
(1) the governing authority does not provide a record
date under Subsection (a); and
(2) prior action by the governing authority is
required by this code.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 6.001 6.002 6.003 6.051 6.052 6.053 6.101 6.102 6.103 6.151 6.152 6.153 6.154 6.155 6.156
Last modified: August 11, 2007
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