Statute of Limitations On Action For Wrongful Distribution

Tex. Business Organizations Code § 21.317, under Chapter 21.

Tex. Business Organizations Code § 21.317

Sec. 21.317. STATUTE OF LIMITATIONS ON ACTION FOR WRONGFUL DISTRIBUTION. An action may not be brought against a director of a corporation under Section 21.316 after the second anniversary of the date the alleged act giving rise to the liability occurred. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.