Tex. Bus. Orgs. Code § 21.557 · Subchapter L. DERIVATIVE PROCEEDINGS
TOLLING OF STATUTE OF LIMITATIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A written demand filed with the corporation under Section 21.553 tolls the statute of limitations on the claim on which demand is made until the later of:
(1) the 31st day after the expiration of any waiting period under Section 21.553; or
(2) the 31st day after the expiration of any stay granted under Section 21.555, including all continuations of the stay.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 899 (H.B. 3603), Sec. 7, eff. September 1, 2019.
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 afa2900cf73fb0ca0aae604a16a7154050b755cccacd6b405197fac9bbb1c1ae
- 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
This section cites
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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.