Tex. Bus. Orgs. Code § 1.056 · Subchapter B. CODE CONSTRUCTION
LAWS GOVERNING FORMATION, INTERNAL AFFAIRS, AND GOVERNANCE OF DOMESTIC ENTITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Text of section as added by Acts 2025, 89th Leg., R.S., Ch. 21 (S.B. 29), Sec. 2
Sec. 1.056. LAWS GOVERNING FORMATION, INTERNAL AFFAIRS, AND GOVERNANCE OF DOMESTIC ENTITY.
The managerial officials of a domestic entity, in exercising their powers with respect to the domestic entity, may consider the laws and judicial decisions of other states and the practices observed by entities formed in those other states. The failure or refusal of a managerial official to consider, or to conform the exercise of the managerial official's powers to, the laws, judicial decisions, or practices of another state does not constitute or imply a breach of this code or of any duty existing under the laws of this state.
Text of section as added by Acts 2025, 89th Leg., R.S., Ch. 199 (S.B. 2411), Sec. 1
Sec. 1.056. REFERENCES IN CODE TO CERTAIN DISTRICT COURTS INCLUDES BUSINESS COURTS.
Notwithstanding any other law, a reference or grant of jurisdiction in this code, including a grant of exclusive jurisdiction, to a district court constitutes a reference or grant of concurrent jurisdiction to a business court established under Chapter 25A, Government Code, if the business court has authority and jurisdiction under Chapter 25A, Government Code, to adjudicate the action or claim. This section does not expand the authority of the business court under Chapter 25A, Government Code.
Notes and commentary — not statutory text
History (Text of section as added by Acts 2025, 89th Leg., R.S., Ch. 21 (S.B. 29), Sec. 2)
Added by Acts 2025, 89th Leg., R.S., Ch. 21 (S.B. 29), Sec. 2, eff. May 14, 2025.
History (Text of section as added by Acts 2025, 89th Leg., R.S., Ch. 199 (S.B. 2411), Sec. 1)
Added by Acts 2025, 89th Leg., R.S., Ch. 199 (S.B. 2411), Sec. 1, eff. September 1, 2025.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BO/htm/BO.1.htm
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