Tex. Bus. Orgs. Code § 21.910 · Subchapter R. RATIFICATION OF DEFECTIVE CORPORATE ACTS OR SHARES; PROCEEDINGS
ADOPTION OF RESOLUTIONS; EFFECT ON PUTATIVE SHARES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
On or after the validation effective time, unless determined otherwise in an action brought under Section 21.914 and subject to Sections 21.902(b) and 21.907(e), each putative share or fraction of a putative share issued or purportedly issued pursuant to a defective corporate act ratified in accordance with this subchapter and described by the resolutions adopted under Sections 21.903 and 21.904 may not be considered ineffective, void, or voidable and is considered to be an identical share or fraction of a share outstanding as of the time it was purportedly issued.
Notes and commentary — not statutory text
History
Added by Acts 2015, 84th Leg., R.S., Ch. 32 (S.B. 860), Sec. 30, eff. September 1, 2015.
Amended by:
Acts 2017, 85th Leg., R.S., Ch. 75 (S.B. 1518), Sec. 23, eff. September 1, 2017.
Acts 2025, 89th Leg., R.S., Ch. 199 (S.B. 2411), Sec. 35, 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.21.htm
- Text hash
- sha256 61d90a56fb59f9a2b56fc51d37d39699885a71c5ed154024e1e84e9f0b44fe15
- 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
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Business Organizations Code
- Tex. Bus. Orgs. Code § 21.902RATIFICATION OF DEFECTIVE CORPORATE ACT AND PUTATIVE SHARES.Printed as Sections 21.902(b) and 21.907(e)
- Tex. Bus. Orgs. Code § 21.903RATIFICATION OF DEFECTIVE CORPORATE ACT; ADOPTION OF RESOLUTIONS.Printed as Sections 21.903 and 21.904
- Tex. Bus. Orgs. Code § 21.904QUORUM AND VOTING REQUIREMENTS FOR ADOPTION OF RESOLUTIONS.Printed as Sections 21.903 and 21.904
- Tex. Bus. Orgs. Code § 21.907SHAREHOLDER MEETING; QUORUM AND VOTING.Printed as Sections 21.902(b) and 21.907(e)
- Tex. Bus. Orgs. Code § 21.914PROCEEDING REGARDING VALIDITY OF DEFECTIVE CORPORATE ACTS AND SHARES.Printed as Section 21.914
Cited by 1 provision
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