Tex. Bus. Orgs. Code § 21.951 · Subchapter S. PUBLIC BENEFIT CORPORATIONS
LAW APPLICABLE TO PUBLIC BENEFIT CORPORATIONS; FORMATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A for-profit corporation may elect under Section 3.007(e) to be a public benefit corporation that is governed by this subchapter.
(b) If a corporation elects to be a public benefit corporation, the corporation is subject to the other provisions of this chapter and other provisions of this code applicable to for-profit corporations.
(c) To the extent of a conflict between this subchapter and another provision of this chapter or another provision of this code applicable to for-profit corporations, this subchapter controls.
Notes and commentary — not statutory text
History
Added by Acts 2017, 85th Leg., R.S., Ch. 776 (H.B. 3488), Sec. 4, eff. September 1, 2017.
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 4b88978b7003b85ff8ff60547c6d2d7914a49f651b119297463c147fade59aab
- 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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