Tex. Bus. Orgs. Code § 21.317 · Subchapter G. DISTRIBUTIONS AND SHARE DIVIDENDS
STATUTE OF LIMITATIONS ON ACTION FOR WRONGFUL DISTRIBUTION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
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.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BO/htm/BO.21.htm
- Text hash
- sha256 7b3c44e7cd39c8a6b005f825e7b96309119600622e919e83f81a60b13191e43d
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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Business Organizations Code
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