Texas Business Organizations Code § 21.909 Adoption Of Resolution; Effect On Defective Corporate Act

Sec. 21.909. ADOPTION OF RESOLUTION; EFFECT ON DEFECTIVE CORPORATE ACT. On or after the validation effective time, unless determined otherwise in an action brought under Section 21.914, each defective corporate act set forth in the resolution adopted under Sections 21.903 and 21.904 may not be considered void or voidable as a result of a failure of authorization identified in the resolution, and the effect shall be retroactive to the time of the defective corporate act.

Added by Acts 2015, 84th Leg., R.S., Ch. 32 (S.B. 860), Sec. 30, eff. September 1, 2015.

Section: Previous  21.902  21.903  21.904  21.905  21.906  21.907  21.908  21.909  21.910  21.911  21.912  21.913  21.914  21.915  21.916  Next

Last modified: September 28, 2016