Tex. Bus. Orgs. Code § 21.717 · Subchapter O. CLOSE CORPORATION
DELIVERY OF SHAREHOLDERS' AGREEMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The close corporation shall deliver a complete copy of a shareholders' agreement to:
(1) each person who is bound by the shareholders' agreement;
(2) each person who is or will become a shareholder in the close corporation as provided by Section 21.715 when a certificate representing shares in the close corporation is delivered to the person; and
(3) each person to whom a certificate representing shares is issued and who has not received a complete copy of the agreement.
(b) The failure to deliver a complete copy of a shareholders' agreement as required by this section does not affect the validity or enforceability of the shareholders' agreement.
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 2e7497f90dc0e153a4a5f6c7f5c0cb252bca36841e7418f36972489ce178c68a
- 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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