Tex. Bus. Orgs. Code § 21.713 · Subchapter O. CLOSE CORPORATION
MANAGEMENT.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
A close corporation shall be managed:
(1) by a board of directors in the same manner an ordinary corporation would be managed under this chapter; or
(2) in the manner provided by the close corporation's certificate of formation or by a shareholders' agreement of the close corporation.
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 3e78eb09a88fb74a08c5f586ec02ec7145aaf7830001eb627b4c7db15037158e
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Bus. Orgs. Code § 21.713. Each shows the citation as that text prints it.
Business Organizations Code
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.