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31 chapters · 1,359 sections in this title.
Tex. Business Organizations Code § 21.956 Duties of Directors
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Sec. 21.956. DUTIES OF DIRECTORS. (a) The board of directors of a public benefit corporation shall manage or direct the business and affairs of the corporation in a manner that balances: (1) the pecuniary interests of the shareholders; (2) the best interests of those persons mate…
Tex. Business Organizations Code § 21.957 Periodic Statements
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Sec. 21.957. PERIODIC STATEMENTS. (a) A public benefit corporation shall include in each notice of a meeting of shareholders a statement to the effect that the corporation is a public benefit corporation governed by this subchapter. (b) A public benefit corporation, at least bien…
Tex. Business Organizations Code § 21.958 Derivative Suits
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Sec. 21.958. DERIVATIVE SUITS. (a) In this section, "shareholder" means: (1) shareholders of a public benefit corporation that own, individually or collectively, at least two percent of the corporation's outstanding shares; or (2) shareholders of a public benefit corporation the …
Tex. Business Organizations Code § 21.959 No Effect On Other Corporations
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Sec. 21.959. NO EFFECT ON OTHER CORPORATIONS. Except as provided by Section 21.954, this subchapter does not apply to a corporation that is not a public benefit corporation. Added by Acts 2017, 85th Leg., R.S., Ch. 776 (H.B. 3488), Sec. 4, eff. September 1, 2017.