Texas Business Organizations Code - Section 9.204. Right Of Foreign Entity To Participate In Business Of Certain Domestic Entities
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Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 9.204. Right Of Foreign Entity To Participate In Business Of Certain Domestic Entities
§ 9.204. RIGHT OF FOREIGN ENTITY TO PARTICIPATE IN
BUSINESS OF CERTAIN DOMESTIC ENTITIES. A vote cast or consent
provided by a foreign entity with respect to its ownership or
membership interest in a domestic entity of which the foreign
entity is a lawful owner or member, and the foreign entity's
participation in the management and control of the business and
affairs of the domestic entity to the extent of the participation of
other owners or members, are not invalidated if the foreign entity
does not register to transact business in this state in accordance
with this chapter, subject to all law governing a domestic entity,
including the antitrust law of this state.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006. Amended by
Acts 2005, 79th Leg., ch. 64, § 32, eff. Jan. 1, 2006.
Section: 9.159 9.160 9.161 9.162 9.201 9.202 9.203 9.204 9.251 9.252 9.301 10.001 10.002 10.003 10.004
Last modified: August 11, 2007
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